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Taxation in Real Estate

MGMT X 427.122

This course is designed for professionals working in the real estate industry interested in tax issues associated with real estate transactions. The tax consequences resulting from sales and exchanges are analyzed.

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What you can learn.

Determine a taxable event; ascertain the basis and amount realized; ascertain gain or loss
Understand limitations regarding the use of losses, including the at-risk and passive activity loss provisions
Learn the distinction between capital and ordinary loss treatment

About this course:

This course is designed for attorneys, taxation professionals and others actively working in the real estate industry who are interested in taxation issues associated with real estate transactions. The course builds on the basic tax principles learned in MGMT X 127 Federal Income Taxation and extends those principles to their application in the sale or other transfer of property. Students are provided with a detailed analysis of the federal income tax consequences resulting from sales, exchanges and other dispositions of property, including such topics as determining the taxable event; ascertaining basis and amount realized; ascertaining gain or loss; limitations regarding the use of losses, including the at-risk and passive activity loss provisions; the importance of the distinction between capital and ordinary loss treatment; and the applicability of various non-recognition provisions, including like-kind exchanges and involuntary conversions.