- NY Credits : 1.0
- TX Credits : 1.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 1.0
Real Estate Taxation - Limitations on Deducting Losses
Most practitioners have clients that own or operate real estate, from a single rental house to several rental 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 addresses the basis, at-risk, and passive loss limitation rules applicable to real property ownership, including the exceptions for real estate professionals.
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:
recognize the basis, at-risk, and passive loss limitation rules applicable to real property ownership, including the exceptions for real estate professionals.