2024 Real Estate Tax Laws and Rental Property Rules Part 1

(2 Credit Hours of Federal Tax Law)

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Unlock the Full Potential of Real Estate Investments with Insider Tax Strategies

Are you leveraging every tax advantage available for your client's real estate investments? This comprehensive course explores strategic ownership decisions, depreciation benefits, tax deferral techniques, and more to maximize the potential of real estate investments. Doug Stives, CPA, shares insights and reveals the often misunderstood tax benefits and critical strategies for maximizing real estate and rental property returns. This course is ideal for Tax Preparers and Enrolled Agents.

In this course, you'll discover:

  • Learn which entities offer the best protection and tax advantages for owning real estate and how to avoid common pitfalls.
  • Understand the nuances of IRC Sections 168 and 179 to optimize your property's depreciation and significantly reduce tax liabilities.
  • Explore strategies for deferring taxes on real estate gains, including the ins and outs of IRC 453, 1031, and 1033 exchanges.
  • Uncover the benefits within IRC 121 to turn your primary residence into a tax-saving tool.
  • Ensure you meet material participation rules to fully deduct your real estate losses and avoid the passive activity loss trap.

This course counts for 2 hours of IRS CE under the category of Federal Tax Law Related Matters.

About the Presenter:

Doug Stives is considered a worldwide leader in public and management accounting by AICPA &CIMA. He is a CPA, MBA, and full-time 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 and 2016 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.