Event Description

The taxation of real estate is tricky. Taxpayers can own real estate in a number of different ways, including direct and indirect investments. There are numerous exceptions to being classified as a rental activity too. And how do you know if someone is a real estate professional? In this course, we will explore all of these issues and many more! Through real-world examples and discussion, this episode in our Understanding Real Estate Taxation series will delve into exceptions to rental status, qualifications for material participation, and requirements for active status.

Objectives

• Recognize which rental activities are exceptions to the rental status classification
• State the Qualifications for Material Participation
• Identify the qualifications for being a real estate professional
• State which entities are exempt from the material participation rules