Crucial Real Estate Insights Part 1: Acquisition Strategies
Author: Greg White
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
Join Greg White, CPA, as he walks through strategies for purchasing real estate, including written allocation provisions. Greg will discuss how to break out the purchase price apportioned to improvements into its components: building, land improvements and personal property. We’ll take a deep dive into claiming bonus depreciation, section 179 and de minimis deductions on real estate. We’ll also cover financing considerations, including whether to elect out of section 163(j); both the costs and the benefits.
Publication Date: June 2023
Designed For
null
Topics Covered
- Apportionment of purchase price
- Bonus depreciation, section 179 and de minimis expensing for real estate
- Purchasing interests in a qualified opportunity fund
- Financing considerations, including whether clients should make the real property election out of section 163(j)
Learning Objectives
- Recognize the mechanics of apportioning purchase price as part of a purchase and sales agreement
- Identify property that qualifies for bonus depreciation, section 179 and de minimis expensing
- Recognize how to make the election out of section 163(j) for real property businesses
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
