Dates & Locations
W 10/27/10 Culver City
Th 11/11/2010 Culver City
Classes meet
9:00am-5:00pm
taught by
Peter H. Thelander
Only $250!
Lunch is included with 8-hour classes
8 CPE Hours
Update
No Prerequisites
No Advance Preparation
Intermediate
(NASBA: TX)
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REPORTING THE PURCHASE, REFINANCE, AND SALE OF REAL ESTATE ON A TAX RETURN
" Peter H. Thelander's Real Estate Reporting Done Right was awesome with clear materials and a great handout. This was my second class led by Peter. I have received so many inquiries from clients on different situations involving Real Estate and now I have the answers . Not only was Peter a good presenter but his ability to make it clear and use real examples helped everyone understand these difficult new areas of taxation. It seems like the whole class got involved in an open lively discussions while Peter kept us on course. Thanks." - Eric Steinwald, Partner, Steinwald & Kaufman
This course is designed for tax practitioners of all levels of experience. We'll take a look at the nuts and bolts of reporting real estate transactions on a tax return. The goal of the course is to answer questions many practitioners have concerning:
- What is included in basis when you purchase real estate?
- How do you handle items like loan application fees and repair credits?
- What costs can be deducted when a property is refinanced?
- How can I do this work without incurring a lot of unbillable time or charging my client an outrageous fee?
Participants will learn by looking at real-world transactions drawn from the author's years of experience preparing tax returns for individuals, partnerships and corporations. Learn:
- How to report real estate transactions correctly, with the maximum benefits to the taxpayer.
- How to read and interpret various real estate settlement statements, including the HUD-1 used for residential property.
- How to quickly organize the information on a settlement statement so that it can be reported on a tax return.
- How to set up depreciation for a newly acquired property.
The discussion will encompass the practical application of this information to transactions involving several types of real estate:
- Principal and second residences
- Rental property
- Vacation homes
- Multi-unit buildings when the owner occupies a unit
- Commercial buildings
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