Taxation of Real Estate Professionals: Passive Loss Rules (Completed)

Date: Tuesday, September 28, 2021
Instructor: Greg White
Begin Time:  9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC

Taxation of Real Estate Professionals and Application of the Passive Loss Rules to Real Estate
In this must-attend two-hour CPE webinar with expert instructor and practitioner Greg White, CPA, you will lean to best identify which clients qualify as real estate professionals and how to apply the material participation tests to these clients. We’ll also cover the special passive activity rules that apply to real estate generally, and the special active participation rule. This class is vital for all practitioners who have clients involved in real estate businesses. These rules are complex and often mistakenly applied by tax practitioners and clients who don't understand the complexities.

Who Should Attend
Basic understanding of federal income taxation of real estate transactions.

Topics Covered

  • Which Clients Qualify as Real Estate Professionals
  • How to Apply the Material Participation Tests
  • Special Passive Activity Rules that Apply to Real Estate Generally
  • Special Active Participation Rule

Learning Objectives

  • Properly identify taxpayers who qualify as real estate professionals
  • Determine whether clients should make the aggregation election for rental properties
  • Describe and apply material participation rules to real estate professionals
  • Discuss passive activity rules for real estate rentals for taxpayers who don't qualify as real estate professionals
  • Differentiate grouping rules for rental and nonrental businesses
  • Recognize and apply the active participant rule for real estate rental activities


Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
CPAs, EAs, and tax professional who participate in this program should have a minimum of 2 years’ experience in the tax area including preparation of individual tax returns that involve passive loss limitations.

Advance Preparation

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