Don Farmer's Tax Strategies for Real Estate: Mastering Like-Kind Exchanges & Tax Rules

Overview

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Working with real estate investors and developers? This seminar dives deep into the latest tax rules and planning opportunities in the world of real estate. We’ll cover essential topics like like-kind exchanges, self-employment tax issues for real estate pros, and the passive activity rules — with a special focus on real estate professional status and how to use the aggregation election to your clients’ advantage. If you’re looking to sharpen your skills and confidently navigate the complexities of real estate taxation, this is the seminar for you.

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

• Rental real estate that qualifies for the section 199A QBID.
• Rules for the rental real estate exemption from self-employment tax, including Airbnb.
• Vacation rentals.
• The “Augusta rule” that (under the right circumstances) allows S corp shareholders to rent part of their personal residences to their S corps (without paying taxes).
• Passive activity rules that apply to rental real estate, and real estate professionals.
• How to reduce taxes on the sale of real estate.
• The “big 3 rules” for like-kind exchanges.

Prerequisites

An understanding of federal income taxation of real estate transactions

Objectives

• Identify rental real estate that qualifies for the section 199A QBID.
• Identify which real estate is subject to self-employment tax, including Airbnb.
• Identify and apply the rules for vacation rentals.
• Identify when the “Augusta rule” allows S corp shareholders to rent part of their personal residences to their S corps (without paying taxes).
• Learn the special passive activity rules that apply to rental real estate, and identify real estate professionals.
• Identify strategies for reducing taxes on the sale of real estate.
• Learn the “big three rules” for like-kind exchanges.