Real Estate Tax Guide

2 Credits: Taxes


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Real Estate Tax Guide

Course Level
CPE Credits

2 Credits: Taxes

Course Description

The Real Estate Tax Guide self-study CPE course is meticulously designed to arm real estate professionals with an in-depth understanding of the tax regulations affecting the real estate industry. Through this course, participants will gain insights into the original basis of property, the tax impact of mortgage financing, and the intricacies of landlord and tenant transactions, among other key areas. The CPE course not only covers the essentials of real estate tax but also delves into specialized topics such as passive activity losses, MACRS classification, and the benefits of installment sales reporting. With this comprehensive knowledge, real estate professionals will be better equipped to optimize their tax strategies, navigate complex transactions with ease, and identify opportunities for tax savings. Ultimately, this self-study CPE course offers the tools needed to enhance profitability and make strategic decisions in the dynamic world of real estate.

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Learning Objectives

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

  • Recognize when the percentage of completion method should be used for tax purposes.
  • Identify what to include in the original basis of a property.
  • Specify the tax impact of various mortgage financing situations.
  • Recognize the risks associated with a sale and leaseback transaction.
  • State the tax treatment of various operating expenses for real estate.
  • Specify the property types included in each MACRS classification.
  • Identify the material participation tests associated with the passive activity loss rules.
  • Recognize the tax issues associated with dealer property.
  • Specify the benefits of installment sales reporting.
  • Identify the deductible loss calculation for when a business is destroyed.
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Course Specifics

Course ID
Revision Date
February 23, 2024

There are no prerequisites.

Advanced Preparation


Number of Pages

Compliance Information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02433-24-S
IRS Federal Tax Law Credits: 2
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1998
CTEC Federal Tax Law Credits: 2

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at

Meet The Experts

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and …