Real Estate Professional Tax Status: Electing Aggregation, Meeting the Material Participation Test, Avoiding NIIT
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This course will explain the criteria that must be met for a taxpayer to be considered a real estate professional. Our panel of real estate taxation experts will discuss how real estate professionals meet the material participation tests and the advantages and drawbacks of this designation.
- Real estate professionals
- Passive vs. non-passive losses
- Material participation
- Net investment income tax
- Trade or business income
- Making the election
- Retroactive application
- Deducting suspended and disposition losses
- Other considerations
The panel will review these and other critical issues:
- Electing to aggregate real estate activities under Regulation Section 1.469-9(g)
- What constitutes a real estate trade or business?
- Revoking the aggregation election
- Meeting the material participation test
- When is rental real estate subject to NIIT?
- When does real estate qualify for the 199A deduction?
Brian T. Lovett, CPA, JD
Mr. Lovett has extensive experience serving the tax needs of both public companies and closely-held businesses,... | Read More
Mr. Lovett has extensive experience serving the tax needs of both public companies and closely-held businesses, including all aspects of tax compliance for partnerships and corporations. He advises clients with regard to the structure and tax consequences of new business ventures, and assists with restructuring existing businesses for increased tax efficiency. Prior to joining his firm, he was with a “Big 4” accounting firm, working closely with large, multinational real estate investment companies.Close
Sara A. Palovick, CPA
Tax Senior Manager
Ms. Palovick specializates in real estate, and focuses most of her time in the areas of partnership and individual... | Read More
Ms. Palovick specializates in real estate, and focuses most of her time in the areas of partnership and individual taxation. She assists in all areas of compliance as well as tax planning and succession planning.Close
Access Anytime, Anywhere
CPE credit is not available on downloads.