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Secure Transaction Reporting Sale of Rental Property
Format
Webcast
Course Level
Update
CPE Credits
3 Credits: Taxes
Course Description
Sale of commercial & residential rental property can pose many challenges for the tax preparer. Allocations between building, land, and furniture & equipment affect tax savings on the sale of rental property as do timing issues, prior rental vs home ownership periods, casualty or insurance recovery, original basis and basis from improvements plus allowed or allowable historical depreciation issues and depreciation recapture. We’ll review many issues related to the sale of rental property, residential and commercial, including installment sale and tax deferred exchange options.
Learning Objectives
Upon successful completion of this course, participants will be able to report the sale of rental property accurately while maximizing tax savings for the sellers.
- Learn to accurately report the sale of rental property from determining the correct basis in the property to understanding available exclusions and other recapture and compliance matters related to the property.
- Develop tax planning and other strategies related to timing issues, land vs building allocation, correcting historical depreciation and more.
- Understand various sale options such as installment sale and tax deferred exchange and determine compliance matters and tax savings opportunities available.
Course Specifics
WC1821265300
November 24, 2021
None
None
Compliance Information
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-02120-22-O
IRS Federal Tax Update Credits: 3
CTEC Course Number: 2071-CE-1699
CTEC Federal Tax Update Credits: 3
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 www.ctec.org.
Webcast
Meet The Experts
Jane Ryder, EA, CPA is the owner of Brass Tax Ryder Professional Group, Inc., a full service tax and accounting firm. Brass Tax (not affiliated with Brass Tax Presentations) has been providing tax and accounting services since 1980. Jane received a BS in Business Administration (Accounting) from SDSU and is currently licensed with the California State Board of Accountancy and with the Internal Revenue Service as an Enrolled Agent. Brass Tax is a business centric practice, preparing and consulting on the preparation of Corporations, S-corporations, LLC’s, Partnerships, and Trusts. She also specializes in IRS and state agencies collection problems, payment …