Real Estate Professionals, Passive Activity and Section 199A
Friday, April 18, 2025
Webcast or Webinar, Online
4:00 PM - 6:00 PM (opens at 3:30 PM) EST
2Credits
Technical Business
Registration is Open
Members
$89.00 Regular Price
Non-Members
$119.00 Regular Price
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Course Type: Webcast
Course Code: 25/CX46289
Level: Intermediate
Vendor: CPA Crossings, LLC
Field of Study: Taxes
Overview:
This program will provide a detailed analysis of the real estate professional passive activity rules, including forms reporting examples, and integrates those rules with when real estate is considered a "business" under the Section 199A flow-through entity deduction. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.Objectives:
After attending this presentation you will be able to...
- Apply the passive activity and flow-through entity rules for real estate professionals and show how these situations should be reported on various tax forms
Major Topics:
The major topics covered in this class include:
- Definition of a real estate professional
- Pros and cons of being a real estate professional
- Integration of the real estate professional rules with reporting on Form 1040, Schedule E
- Real estate professionals and indirectly owned (partnerships, S corporations) entity's reporting on Form 1040
- How "real estate business" is interpreted under the Section 199A rules and how it integrates with the passive activity rules
- Real estate professionals and the Form 8582 (Passive Activities)
- How to make the "grouping" election for passive activities and the flow-through deduction
- Several real-life situations illustrating the various possibilities and the consequences of failing to comply with the real estate professional standards
- Real estate professionals and the "former passive activities" rules
Major Topics:
The major topics covered in this class include:
- Definition of a real estate professional
- Pros and cons of being a real estate professional
- Integration of the real estate professional rules with reporting on Form 1040, Schedule E
- Real estate professionals and indirectly owned (partnerships, S corporations) entity's reporting on Form 1040
- How "real estate business" is interpreted under the Section 199A rules and how it integrates with the passive activity rules
- Real estate professionals and the Form 8582 (Passive Activities)
- How to make the "grouping" election for passive activities and the flow-through deduction
- Several real-life situations illustrating the various possibilities and the consequences of failing to comply with the real estate professional standards
- Real estate professionals and the "former passive activities" rules