Real Estate Partnership Taxation (video)

  • Credits: 4
  • Format: Self-Study Video
  • Field of Study: Federal Tax Law
  • Author/Speaker: Sheldon Clark
*Content Preview
Available Formats:        
Advanced Preparation: Access to a computer with speakers or a headset.
Experience Level: Overview
Program Prerequisites: Basic Understanding of pass-through entities, Knowledge of working with IRS regulations and rulings
Course ID: EWTFM-U-01831-21-S | 6233-CE-0547
Published Date: © August 2021


This 4-hour webcast is designed to provide a thorough review of the unique aspects of partnership taxation. We will discuss how tax laws apply to real estate partnerships.

Topics include:
  • Overview
  • What constitutes a partnership?
  • Advantages and disadvantages of the real estate partnership choice of entity
  • Review of partnership legal and tax terminology
  • Tax reporting of the partnership Form 1065
  • The funding of the partnership
  • Partnership basis
  • Review the handling of partnership allocations
  • A basic discussion of partnership termination
  • Contents and value of partnership agreement
  • Husband-wife business partnerships
  • Real estate limited partnerships (RELP)
  • Post-2017 partnership audit rules including the impact of recent developments on partnerships and partnerships
  • IRC §199A qualified business income deductions
  • Dispositions of real property, including installment sales and IRC §1031 exchanges
  • Disguised sale disclosure Reg. §1.707-8
  • Real estate partnerships with service and capital partners
  • Various other matters

Learning Objectives:

After reading the course material, you will be able to:

  • Provide the tax practitioner with technical skills to real estate partnerships.
  • Provide the tax practitioner with an understanding of the business real estate formation.
  • Provide the tax practitioner with the tools for the preparation of relevant tax returns.

Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorship’s: