Tax Considerations for Real Estate Professionals Webinar

Summary

Using the classification of real estate professional for tax purposes can greatly impact that taxpayer’s return. While a client may think they fall under this category, often, they do not. This is where you come in. During this webinar, we’ll review the IRS qualifications for a real estate professional, elections to help clients meet the qualifications and the impact of this classification on the client’s tax returns. Additionally, we’ll review examples to illustrate the concepts covered during the presentation.

Objectives

Upon completion of this course, you will be able to:

• Identify real property trades or businesses
• Outline the material participation requirements for a real estate professional
• Summarize the pros and cons of grouping rental activities to meet the requirements
• Discuss recordkeeping best practices and documentation requirements to support real estate professional status
• Review recent tax law changes and court cases impacting real estate professionals

Course Details

Subject matter experts will answer your questions during the presentation. We make every effort to answer as many questions as possible during the webinar but we may not be able to directly address every question.

This webinar includes the presentation slides, attendee top questions and access to the webinar recording.