Taxation in Real Estate

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Course Rating:  3.6 of 5 stars (57 votes) 3.6

The purpose of this class is to do four things:

Learning Objectives:

At the completion of this course, the student will be able to:
  1. Discuss the tax code and how it affects different aspects of the real estate industry
  2. Explain basic taxation and how brokers can use it to help their clients
  3. Define the meaning of marginal tax rate
  4. Describe the specific concerns for residential homeowners, owners of real estate used in a trade or business, as well as the owner of investment real estate
  5. Demonstrate how this knowledge can increase the real estate agent's commission income and investment income
  6. List the major reasons for home ownership
  7. Explain gain and basis and how the client can compute capital gain on the sale of a home
  8. Illustrate to potential clients why it is important that they seek professional advice from a CPA
  9. Summarize how purchasing a rental property for an investment can be a tax advantage
  10. Illustrate how cost recovery is used as a deductible expense
  11. Explain how income and losses are identified (passive and non passive income)
  12. Classify the three types of vacation homes and discuss their tax consequences
  13. Explain the rules and benefits of the 1031exchange
  14. Discuss CRTs and how they can help avoid capital gains tax, increase income, and create tax deductions.

Course Outline
  1. The Code
  2. Taxes and the Homeowner
  3. Primary Residence
  4. Sale / Exchange
  5. Other Disposal
  6. Rental Taxation
  7. Vacation Homes
  8. 1031 Exchange
  9. Charitable Giving
  10. Taxes and the Agent
  11. Summary
The course contains numerous multiple choice exams, interactive exercises, and is completed with a multiple choice final exam.


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