DESCRIPTION
This module covers various real estate topics, including different types of rental properties, passive activity loss limitations, real estate professionals, self-rental rules, the qualified business income deduction for rental real estate, cost segregation studies, and like-kind exchanges.
This module also includes optional content worth 0.5 CPE hour.
LEARNING OBJECTIVES
- Discuss the different types of rental properties and their tax treatment.
- Discuss passive activity loss (PAL) limitations and identify exceptions to this rule.
- Discuss the self-rental rules.
- Determine the qualifications and exceptions of making the Rev. Proc. 2019-38 election.
- Determine the benefits and drawbacks of performing a cost segregation study.
- Identify the rules and advantages for performing a like-kind exchange.
- Discuss like-kind exchanges with multiple properties and grouping rules (optional)
