April 16, 2018

Webinar

2 CPE

Webinar (CPA Crossings): Real Estate Professionals and Passive Activity: When Do They Exist and How to Report Them

April 16, 2018
Webinar
2 CPE

Webinar (CPA Crossings): Real Estate Professionals and Passive Activity: When Do They Exist and How to Report Them

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    Instructor

    Steve
    Dilley

    View Bio

    Steve Dilley, CPA, JD, PhD

    Bio

    Steve is President of Federal Tax Workshops, which has prepared and presented CPE materials for accountants and attorneys throughout the country for over 40 years. He is also a retired professor of accounting at Michigan State University.

This program presents a detailed analysis of the real estate professional passive activity rules, including forms reporting examples.

This course qualifies for PTIN credit.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions either during or after the event.

Learning Objectives

To provide a working knowledge of the passive activity rules for “real estate professionals” and show how these situations should be reported on various tax forms.

Major Topics

  • Definition of a real estate professional.
  • Pros and cons of being a real estate professional.
  • Integration of the real estate professional rules with reporting on form 1040, schedule E.
  • Real estate professionals and indirectly owned (partnerships, S corporations) reporting on Firm 1040, Schedule E.
  • Real estate professionals and the Form 8582 (passive activities).
  • How to make the “grouping” election.
  • Several real-life situations illustrate the various possibilities and discuss the consequences of failing to comply with the real estate professional standards.
  • Real estate professionals and “former passive activities” rules.

CPE Credits Available

2 CPE
2
Taxes

Things to Know About This Course

Course Level

  • Intermediate

Prerequisites

None

Advanced Preparation

None

Provider

CPA Crossings, LLC

This event has ended.