Objectives
- Understand the most commonly used forms of ownership for real estate holdings and the scenario-based advantages and disadvantages of each
- Know and be able to apply the key considerations in determinations surrounding depreciation and recapture, like-kind exchanges, and the determination of passive activity losses
- Recognize how recent tax legislation impacts commercial real estate
- Recognize how recent tax legislation impacts homeowners
- Identify components for determing a property's tax basis
Prerequisite
Some experience preparing tax returns involving real estate holdings and transactions
