Don Farmer's Passive Activities: Rental Real Estate Rules & Exceptions - VIRTUAL

Overview

In part three of this four-part series, tax experts Greg White, CPA, and George Koutelieris, CPA, will take you deep into the world of rental real estate and passive activity rules. You’ll learn how the “automatically passive” rule affects rental income - and, more importantly, the exceptions that can turn this to your clients’ advantage. We’ll unpack key exceptions for real estate professionals, short-term rentals, active participation for moderate-income taxpayers, and self-rentals. Plus, you’ll get a clear breakdown of what it really takes to qualify as a real estate professional, and when it makes sense for clients to aggregate rental properties for a better tax outcome. If you work with real estate investors or landlords, this session is packed with actionable strategies you won’t want to miss.

Highlights

• Special passive activity rules that apply to rental real estate.
• Exceptions for real estate professionals and short-term rentals.
• Aggregation of the rentals of a real estate professional.

Prerequisites

None

Designed For

CPAs and tax professionals involved in the world of tax.

Objectives

• Identify the special passive activities rules that apply to rental real estate.
• Identify common types of real estate professionals.
• Discover the special rules that apply to short-term rentals (like Airbnbs).
• Compute the loss available under the active participation rule.

Preparation

None