CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Reporting Sale of Rental Property

Icon_Webcast
Webcast
Icon_Level
Update
Credits
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

Course ID
WC1821265300
Original Release Date
November 24, 2021
Prerequisites

None

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-01960-21-O
IRS Federal Tax Update Credits: 3
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1699
CTEC Federal Tax Update Credits: 3

Course Instructor

Jane Ryder, EA, CPA

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 …

Jane Ryder, EA, CPA Read More »

Reporting Sale of Rental Property

Expert Instructors
CPE CREDITS
3 Credits: Taxes

$147.00


Webcasts are available for viewing Monday – Saturday, 8am – 10pm ET.

Icon_Webcast
Webcast
Icon_Level
Update
Credits
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

Course ID
WC1821265300
Original Release Date
November 24, 2021
Prerequisites

None

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-01960-21-O
IRS Federal Tax Update Credits: 3
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1699
CTEC Federal Tax Update Credits: 3

Course Instructor

Jane Ryder, EA, CPA

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 …

Jane Ryder, EA, CPA Read More »

Reporting Sale of Rental Property

Expert Instructors
CPE CREDITS
3 Credits: Taxes

Webcasts are available for viewing Monday – Saturday, 8am – 10pm ET.

$147.00