Highlights
• California property taxation-updated in light of Proposition 19 passage
• Qualified business income deductions [IRC Sec. 199A]
• Opportunity zone deferral related to real estate [IRC Sec. 1400Z-2]
• Passive activities loss rules [IRC Sec. 469]
• Real estate professional rules [IRC Sec. 469(c)(7)]
• Interest expense deduction rules [IRC Sec. 163]
• Home sale exclusion [IRC Sec. 121]
• 1031 exchanges
• Estate planning and gifting with real estate
Objectives
• Identify crucial real estate tax and nontax issues
• Determine essential techniques for deferral, reduction or elimination of taxes related to real estate acquisition, operations or disposition
• Identify critical tax return disclosures, concepts and procedures