Real Estate Tax Questions Answered

2 CE Topic
Written By Natalie Kolodij

Summary



Many Tax Professionals use Facebook Groups to bounce ideas and questions off each other. In this session, we'll review several real estate tax questions that professionals ask in Facebook groups. We'll address the core concerns of the question, where the potential misconceptions are, and break down how to handle the question and potential impacts.

Objectives


Upon completion of this session, you will be able to:

  • Outline the §121 exclusion and how it overlaps with rental use  

  • Identify when rental activities may have Schedule C reporting  

  • Determine if an LLC impacts the reporting of rental properties  

  • Identify and avoid common depreciation mistakes  

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CPE information
Duration: 100 minutes
Course level: Overview

Natalie Kolodij
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Complex §121- Beyond 2/5 Year Rule
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Sale of a Rental Property