Tax Answers for Your Real Estate Questions - Learning Objectives

Upon successful completion of this course, participants will be able to:

• Section 1
• Identify recent tax law changes with regard to real estate.
• Evaluate tax rules and regulations as they affect the financing and sale of personal residences.
• Section 2
• Understand the impact of foreclosures and differentiate between recourse and nonrecourse debt.
• Apply the Internal Revenue Code rules regarding the cancellation of debt.
  
• Section 3
• Differentiate between passive and nonpassive losses.
• Apply the rules for material participation in real estate activities as well as those for real estate professionals.