- NY Credits : 1.0
- TX Credits : 1.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 1.0
Most practitioners have clients that own or operate real estate from a single rent house to several rent houses, an office building, or a shopping center. Inevitably, practitioners will encounter clients that acquire or inherit real property, and they will be faced with the tax problems that occur when real property is operated and ultimately disposed of in one form or another. This course covers the tax consequences of various forms of financing real property purchases, the tax treatment of typical costs incurred when real property is purchased, and the tax treatment of expenses incurred when holding raw land. Other courses offered in this series include: Real Estate Taxation - Acquiring and Operating Rental Houses; Real Estate Taxation - Acquiring Apartments, Office Buildings, and Shopping Centers; Real Estate Taxation - Limitations on Deducting Losses; and Real Estate Taxation - Sales and Other Dispositions.
This course is most appropriate for the professional with detailed knowledge in real estate taxation who may be at a mid-level position within an organization with operational or supervisory responsibilities, or both. The final exam for this course includes many hands-on, scenario based questions that may require extensive calculations.
Upon successful completion of this course, the user should be able to:
determine the tax consequences of various forms of financing real property purchases, the tax treatment of typical costs incurred when real property is purchased, and the tax treatment of expenses incurred when holding raw land.