Real Estate Taxation 2024
8.00 Credits
Member Price $299
Non-Member Price $399
Overview
Examine significant real estate tax issues and concepts, including planning and compliance topics emphasizing tax elimination or deferral. Discuss the qualified business income deduction (Sec. 199A) as it relates to real estate investments; limited discussion of opportunity zones (Sec. 1400Z-2) relating to real estate; 1031 exchanges; home sale exclusion (IRC Sec. 121); passive activities loss rules; estate planning and gifting with real estate; and California property tax issues, updated for passage of Proposition 19 affecting parent-child transfers and transfer of assessments to a new principal residence.
Highlights
- California property taxation-updated in light of Proposition 19 passage
- Qualified business income deductions [IRC Sec. 199A]
- Opportunity zone deferral related to real estate [IRC Sec. 1400Z-2]
- Passive activities loss rules [IRC Sec. 469]
- Real estate professional rules [IRC Sec. 469(c)(7)]
- Interest expense deduction rules [IRC Sec. 163]
- Home sale exclusion [IRC Sec. 121]
- 1031 exchanges
- Estate planning and gifting with real estate
Prerequisites
Basic knowledge of real estate or tax preparation.
Designed For
CPAs, CFPs, enrolled agents and attorneys.
Objectives
- Identify crucial real estate tax and nontax issues
- Determine essential techniques for deferral, reduction or elimination of taxes related to real estate acquisition, operations or disposition
- Identify critical tax return disclosures, concepts and procedures
Preparation
None
Leader(s):
Leader Bios
G. Haislet, CalCPA Education Foundation
G. Scott Haislet practices law in the areas of taxation, real estate, estate planning and 1031 exchanges. He is president of the Lafayette Exchange Corporation, qualified intermediary for 1031 exchanges. He is a California attorney, CPA, and is a Certified Specialist in Taxation Law (as certified by the California State Bar Board of Legal Specialization). Mr. Haislet writes and lectures frequently about tax, real estate, finance, estate planning and legal issues, and has authored continuing education courses for real estate and tax professionals. He has spoken frequently on San Francisco radio regarding real estate. He is a member of the State Bar of California (Tax Section), the United States Tax Court Bar, the Contra Costa County Bar Association (past Tax Section Chairman), CalCPA and the AICPA. He chaired the CalCPA Education Foundation’s Real Estate Conference in 2004, 2005 and 2006. Mr. Haislet holds degrees from The University of Michigan School of Business and from Taft University School of Law. He formerly practiced with Price Waterhouse and Arthur Andersen Co.
Non-Member Price $399
Member Price $299