Taxation of Real Estate Partnerships

Overview

Taxation specific to the real estate industry is awash with special tax laws that are complex and associated with the real estate industry. The current tax laws and regulations may determine profitability when acquiring and disposing of real property. Special tax laws have been promulgated to mitigate the tax burdens, which in turn may determine returns on investment in real property. Historically, the partnership and, more recently, the limited liability company entities are the most commonly used forms of ownership when acquiring or constructing real property. The seminar explores how partnership taxation using either type of entity applies in many areas of the real estate industry.

Prerequisites

General tax knowledge

Designed For

Accounting and financial professionals in public practice or industry that practice in the real estate industry.

Objectives

• Plan and comply with taxation provisions affecting partnerships, LLCs, and corporations
• Recognize opportunities to mitigate tax burdens
• Work with clients and associates to structure real estate deals providing a favorable tax status
• Understand the tax treatment of cancellation of indebtedness issues
• Execute strategies for exiting partners

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by the California Education Foundation (CalCPA). Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.