Conferences Presenting

Hershey Conference
July 12, 2018
7:30AM - 1:00PM
Karen Brosi, CFP, EA
Live Event
6
Basic
Taxes
There are no prerequisites for this course

Course Description

The real estate market has recovered significantly since its collapse in the recession of 2008, but the future is still unclear. Congress continues tweaking tax rules surrounding ownership and sales of real property, keeping everyone a bit unsure about future directions and tax implications. Despite the uncertainty, awareness of this topic remains vital for tax professionals. In this course, you'll review a medley of complicated real-estate-related topics, including several of the most potentially troublesome areas. Tax expert Karen Brosi explores personal residence issues, including vacation homes and home offices, foreclosures, passive activities, real-estate-professional eligibility, and many other challenging and complex real estate issues. This course will give you valuable planning strategies and tips that you can put into place immediately.



Course Specifics

Taxes
There are no prerequisites for this course
LE8188021
None


Compliance Information

103220
IRS Provider #: OMYXB
IRS Course ID: 0MYXB-T-01190-17-I
IRS Federal Tax Law Credits: 6
CTEC Provider #: 2071
CTEC Course ID: 2071-CE-1145
CTEC Federal Tax Law Credits: 6
Qualifies for CA Fraud: No


Learning Objectives

After completing this course, you will be able to:

  • Identify how to properly apply tax treatment of vacation homes, transfer of homes upon divorce, and conversion of homes to rental use
  • Identify how to properly advise on what happens to suspended losses when a taxpayer dies, gifts, or converts rental property
  • Cite passive activity rules and real-estate-professional eligibility
  • Identify how to apply techniques for IRC § 1031 exchanges and IRC § 121 exclusions
  • Cite home-office rules
  • Identify how to properly advise on foreclosure and debt cancellation


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