Partnership Allocations for Real Estate Entities: Special Allocations, Section 704(b) DROs and QIOs, Nonrecourse Debt
Recording of a 110-minute CPE webinar with Q&A
This webinar will explain meeting tax compliance obligations for partnership allocations to LLC members and partners. Our authoritative panel of real estate professionals will break down the complex rules for nonrecourse deductions, special allocations, and 704(b) compliance for tax advisers working with real estate investors.
Outline
- Partnership allocations for real estate entities: introduction
- Section 704(b), substantial economic effect
- Special allocations
- Nonrecourse deductions
- Minimum gain
- Section 469, passive loss limitations
- At-risk limitations
- Recapture of losses
Benefits
The panel will cover these and other critical issues:
- Meeting the substantial economic effect provisions of Section 704(b)
- Calculating minimum gain and minimum gain chargeback
- Identifying targeted allocations in partnership agreements
- Caveats of nonrecourse debt for real estate investors
Faculty
John T. Alfonsi, CPA
Managing Director
Cendrowski Corporate Advisors
Mr. Alfonsi has 25 years of tax consulting, business valuation, litigation support and forensic accounting experience.... | Read More
Mr. Alfonsi has 25 years of tax consulting, business valuation, litigation support and forensic accounting experience. In the tax planning and consulting arena, he works primarily with partnerships and with private equity, venture capital and hedge funds.
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David A. Gilbert
Of Counsel
Blank Rome
Mr. Gilbert concentrates his practice in the area of business tax law. He represents domestic and international clients... | Read More
Mr. Gilbert concentrates his practice in the area of business tax law. He represents domestic and international clients in a wide range of federal, state, and local tax matters. Mr. Gilbert advises publicly traded and private corporations, partnerships, funds, tax-exempt organizations, and individuals on various matters, including those arising in taxable and tax-free mergers and acquisitions, divestitures, restructurings, spin-offs, redemptions, and liquidations; inbound and outbound investments; formation, operation, and acquisition of limited liability companies, partnerships, and Subchapter S corporations; real estate transactions; financings; and tax controversies. He also has experience advising private equity and hedge fund sponsors on the tax aspects of fund formation as well as representing institutional investors regarding joint ventures and other investments. Mr. Gilbert is admitted to practice in New York and Florida, and is also a certified public accountant in New York. He earned his LL.M. in Taxation from New York University School of Law and his J.D. from the University of Alabama School of Law. Mr. Gilbert also received his M.S. in Accounting from the University of Florida and his B.S. in Accounting and Finance from Florida State University.
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