This IRS-approved and CTEC-approved course provides a comprehensive review of real estate tax laws, depreciation methods, and the most recent changes under the One Big Beautiful Bill Act (OBBBA). Tailored for tax professionals, this training addresses complex rules that apply to residential and commercial property, including like-kind exchanges, involuntary conversions, installment sales, principal residence exclusions, and vacation home regulations.
The program also explores depreciation strategies such as Section 179, bonus depreciation, and ADS, highlighting new OBBBA provisions that reshape planning for taxpayers with real estate holdings. Case studies and practical examples help participants apply IRS rules with confidence in their professional practice.
Ideal for tax professionals seeking to stay ahead of evolving tax laws, this course strengthens your ability to deliver accurate, compliant, and client-focused guidance in today’s real estate tax environment.
Learning Objectives:
By the end of this course, participants will be able to:
- Explain like-kind exchange rules under §1031 and the requirements for involuntary conversions under §1033.
- Apply installment sale rules, including calculations for gross profit percentages.
- Identify the limitations of related-party transactions and their effect on tax reporting.
- Evaluate the requirements for §121 principal residence exclusions, including reduced exclusions and surviving spouse rules.
- Distinguish between personal use, rental use, and mixed-use property under §280A.
- Apply OBBBA updates to bonus depreciation and Section 179 expensing strategies.
- Determine the impact of passive activity loss limitations under §469.
- Avoid common errors in home office deduction claims.
- Recognize key planning opportunities when applying updated real estate tax laws.
- Confidently apply IRS-approved standards to ensure compliance in client engagements.
About the Presenter:
Doug Stives is considered a worldwide leader in public and management accounting by AICPA &CIMA. He is a CPA, MBA, and recently retired professor of Accounting at Monmouth University and a professional speaker at many organizations and conferences. Doug was honored as Monmouth's Outstanding Business Professor of the Year in 2009, 2016, and 2024 and was awarded an Outstanding Educator award in 2021 by the New Jersey Society of CPAs. Frequent media exposure includes The Wall Street Journal and other national publications and television, including CNN, CNBC, PBS, NBC, Fox, CBS, ABC, and several cable networks. Doug was once dubbed as the "Most Tax Efficient Man in America" by the Wall Street Journal.
