Don Farmer's Tax Strategies for Real Estate: Maximizing Benefits With Key Planning Moves

Overview

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Join us to unpack the latest tax rules and smart planning moves that can make a big difference for your clients. We’ll take a deep dive into hot topics like like-kind exchanges, bonus depreciation and §179 updates from the TCJA and CARES Acts, and how the 20% QBID applies to real estate deals. You’ll also pick up practical tips for maximizing tax benefits on property sales and purchases and learn how to tap into the perks of a cost segregation study — without the hefty price tag. Walk away with the up-to-date knowledge and confidence you need to give your real estate clients real value.

This course is part of a two-seminar series. Take it as a stand-alone seminar or sign up for the entire series for a comprehensive passive activity training.

Highlights

• Writing off removal costs when real estate is improved
• Maximizing the new 20% qualified business income deduction for real estate rental property
• Allocating purchase price in the most advantageous manner and reducing the likelihood of disagreement with the IRS
• The new bonus depreciation rules for real property (updated for TCJA)
• The revised §179 expense rules for real property (updated for TCJA)
• Taking partial disposition losses when real estate is improved
• Reducing the effects of the net investment income tax on real estate
• Minimizing the effects of the passive loss rules
• Getting maximum benefit from personal property and land improvements
• Using the qualifying business income deduction for real estate developers, contractors and subcontractors

Prerequisites

An understanding of federal income taxation of real estate transactions.

Objectives

• Identify the best depreciation method for real estate improvements, including Tax Cuts and Jobs Act and CARES Act changes.
• Recognize the best way to maximize the §199A deduction in the real estate rental area.
• Identify and apply the new rules for de minimis expensing updated for changes in the Tax Cuts and Jobs Act.
• Recognize and apply changes made to interest deductibility area. Should some real estate owners "elect out" even though their gross receipts are significantly below $28 million?
• Identify cutting-edge tax strategies for real estate professionals.