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Taxes for Real Estate Professionals

2 CPE for AFSP, EA, CFP®, CPA, CRTP     

Using the classification of ‘real estate professional’ for tax purposes can greatly impact that taxpayer’s return. While clients may think they fall under this category, it is imperative tax professionals understand what it takes to be correctly classified as a real estate professional. During this session, we’ll review the IRS qualifications for a real estate professional, elections to help clients meet the qualifications and the impact of this classification on the client’s return. Additionally, we’ll walk through examples to help illustrate the concepts covered during the presentation. 

Upon completion of this session, you will be able to:

  • Identify real property trades or businesses 

  • Outline the material participation requirements for a real estate professional 

  • Summarize the pros and cons of grouping rental activities to meet the requirements 

  • Identify the tax impacts for real estate professionals 

CPE information
Duration: 100 minutes
Course level: Intermediate
Prerequisite: Basic understanding of rental activities
Advanced preparation: None
Delivery method: Group Live

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