Webcast: Surgent's Real Estate for Accounting and Finance Professionals
2.0 Credits
Member Price $89.00
Non-Member Price $120.00
Overview
Explore the intricacies of federal income taxation as it intertwines with rental real estate activities. This course delves into the calculation of rental income, understanding the nuances of deductions and unraveling the complexities of passive activity loss rules. Whether it’s mastering Schedule E or understanding Congress’ intent behind tax laws, professionals will leave with an enriched understanding.
Highlights
- Rental income and expense calculation and reporting
- Deciphering Schedule E (Form 1040)
- Nuances of vacation home rules
- Passive activity loss rules: foundations and implications
- Active vs. material participation in rental activities
- Tax reporting: how to group passive activities
- Limitations on passive losses: at-risk rules and deductions
- Classifying rental real estate activities
- Navigating exceptions in rental real estate taxation
Prerequisites
None
Designed For
Accounting and finance professionals seeking a comprehensive understanding of the intersections between rental real estate and federal income taxation
Objectives
- Effectively compute rental income and expenses
- Decode the implications of renting out vacation homes
- Navigate different tax forms including Schedule E and Schedule A
- Unravel the complexities of passive activity loss rules and their foundational reasoning
- Differentiate between active and material participation
- Understand the nuances in grouping passive activities for tax purposes
- Navigate the primary limitations on deductibility of passive losses
- Dive into the influence of at-risk rules on deductions and taxable income
- Recognize when and how real estate activities are classified as active businesses
- Identify scenarios for applying individual investor exceptions in passive activity loss rules
- Analyze Section 199A QBI deduction and safe harbor rules for real estate professionals
Leader(s):
Leader Bios
Daniel A. Johnson, Surgent-Knowfully
Daniel A. Johnson has been the Executive Director of the Wellness Council of Arizona for more than sixteen years. The Council helps to coordinate wellness programs for over 300,000 employees. As a health promotion specialist, he has been successful in the area of motivating human change. Johnson has owned and operated 20 athletic/fitness centers throughout the Southwest. He has written, produced and appeared in over 100 radio and television campaigns promoting fitness and quality of life. Johnson is active as a personal trainer having worked with cardiac recovery patients along with advanced athletes and general populations. He is the originator of “STRIVE” motivational programs, which focus on human dynamics and personal potential. “STRIVE” has been presented for major corporations such as IBM, Raytheon and Farah Clothing along with over 5,000 youth. Johnson is a guest motivational speaker at Canyon Ranch Health Resort presenting “Discovering the Gift that is You!” He has spoken at over 200 different corporations along with numerous conferences and retreats. He has been a professional athlete having held national sponsorships as a racquetball player. Wilson Sporting Goods and Ektelon Racquet Sports were two of his sponsors.
Non-Member Price $120.00
Member Price $89.00