Taxation of Real Estate Partnerships – Webcast

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.

Highlights

• Disposition of real property, including Section 1031 exchanges, contributions of real property, and involuntary conversions 
• Forms of ownership 
• Organization and syndication costs 
• Contribution of property with built-in gain or loss 
• Disguised sales 
• real property 
• Identifying assets 
• Depreciating real property 
• Sale and disposition of real estate 
• Tax treatment of lease activity 
• The complexities of Section 467 lease arrangements 
• Passive activity, tax basis, and at-risk basis limitations 
• Planning techniques to reduce taxes upon disposition of real property 
• Understand the complexities of the Opportunity Zone Fund regulations

Prerequisites

General tax knowledge

Designed For

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

Objectives

Participants will be able to:

• 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