You’re a Landlord – Tax Impacts Throughout Your Rental Property’s Life Cycle


Tuesday, September 21, 2021 · 2:00 – 3:40 PM ET

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Continuing Education

CPE Program Knowledge Level: Overview
2 CPE Credit; NO prerequisites or advance preparation
CTEC Course #: 3022-CE-0147
IRS/RPO Approved Program
#7ZBUJ-U-0089-21-O (Online/Group) Live (Group-Internet Based)
#7ZBUJ-U-0089-21-S (QAS Self Study) Archive
Federal Tax Law (2 Hours)

Program Content

This online learning program, presented as a live webcast, will be also archived for QAS Self Study. The program will be available for viewing for 12 months after the live webcast. A panel of IRS and industry experts will present the content during a live, interactive discussion, where participant questions can be submitted. Questions will be answered live on the program or posted on the Resources page.

The program, through a lively round-table discussion and real time interaction with the audience, looks at the tax issues that arise throughout the life-cycle of rental properties. The program will focus on the tax and reporting issues of acquiring, owning, operating, and selling rental real estate. Panelists will examine issues that arise during the acquisition, including the allocation of costs. The panel also will explore the concept of rent, the expenses commonly incurred in the operation of rental real estate, and the tax consequences of additions or improvements to leased property. The panel will examine the tax ramifications of the disposition of rental property, including the all-important tax-free exchange.

By the end of the program, participants will have a practical understanding, through accurate, current, and effectively designed communications, of the major tax issues that arise during the acquisition, operation, and sale of rental real estate.

Program Learning Objectives

  1. Identify the chief tax issues that arise during the acquisition of rental real property.
  2. Identify the chief tax issues that arise in the collection of rent and the payment of expense related to the operation of rental property.
  3. Identify the principal tax concerns in conjunction with improvements made to rental property by either the landlord or the tenant.
  4. Identify the major tax considerations that arise on the disposition of rental property.

Program Outline

  • Property Acquisition
    • Is it investment or business property?
    • Importance of basis
    • Purchase
    • Construction
    • Allocation of costs

  • What Is Rent?
    • Deferred or stepped rental
    • Lease with purchase options
    • Lease acquisition and cancellation costs

  • Improvements and Additions
    • Improvements by landlord
    • Improvements by tenant

  • Expenses
    • Operating expenses
    • Taxes
    • Depreciation
    • Expensing and bonus depreciation
    • Passive activity rules

  • Sales and Exchanges
    • Gain or loss on sale
    • Tax-free exchanges
    • Reporting requirements
    • Reinvesting in Opportunity Zones

Panelists

Moderator

Alan Pinck, EA
A. Pinck & Associates

Alan Pinck is an Enrolled Agent with over 25 years of tax preparation experience in the San Francisco Bay Area. He has built a practice specializing in individual, small business tax preparation and audit representation. He is currently a speaker at the NTPI events, CSEA Super Seminar as well as a variety of other presentations for tax groups and small business associations. Having represented thousands of tax returns in audit, Alan has obtained tremendous insight of the audit process as well as knowledge on a wide variety of tax issues.

IRS Panelists

To be announced

 

Industry Panelists

To be announced

 

Content Consultant

David F. Windish, J.D., LL.M
Content Consultant

David F. Windish, J.D., LL.M. in taxation, is a tax attorney and consultant. He has served as an instructor of tax-advantaged investments at the New York Institute of Finance; an Instructor of business law at the U.S. Merchant Marine Academy, Kings Point, N.Y.; and an adjunct professor at George Mason University, Fairfax, Va. He has also served as executive editor for Tax Analysts; managing editor for Business Strategies, published by CCH; and senior editor for the Institute for Business Planning.

Mr. Windish is the author of Practical Guide to Real Estate Taxation, published by CCH and currently going into its sixth edition. Earlier works include Tax Advantaged Investments and Investor's Guide to Limited Partnerships, both published by the New York Institute of Finance. Through the Center for Video Education, he authored continuing education courses dealing with real estate and closely held corporations. Those courses included readings, case studies, and videotape segments.

Mr. Windish is a graduate of Rutgers University Law School and the New York University School of Law, Graduate Division. He has been heard as a guest speaker at professional meetings and seminars and on popular radio programs.

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