Does rental real estate (RRE) qualify for the Schedule 199A deduction? The Schedule 199A Final Regs tell us to go look at case law under Schedule 162. Case law under Schedule 162 tells us it depends on the facts and circumstances. When is a rental property a business? Is a triple net lease rental a business? Raw land? The answers might surprise you. This course drills down on rules and analysis needed to get you to the answers. You’ll walk away knowing what your choices are and how to reason through them. What is the impact of being a business (or not) if the rental has net income? A loss?
Clear analysis of cases and rulings as to whether a rental property a business. Candid view of Final Reg (Revenue Procedure) safe harbor for RRE. How to argue RRE is (or not) a qualifying business. When do you want (or not want) RRE to be a qualifying business. When the self rental rules work for (or against) you. Triple net leases - The naked truth . Land leases - The naked truth. May RRE be aggregated with other properties or businesses? If so, how? De-constructing the mystery and putting you in control. Recommended strategies to bolster your odds of success
To learn the rules and develop the ability to capably analyze whether rental real estate, triple net leases, land leases and self rentals are qualifying businesses for the Schedule 199A deduction
Bradley P. Burnett is a tax accountant and attorney with an emphasis on tax planning and tax controversy. Prior to establishing a law firm in 1990, Burnett worked as a tax senior for a national CPA firm, tax manager for a local CPA firm, trust officer for a major bank, and managed the tax department as a partner in a medium-sized Denver law firm.
Burnett has delivered more than 650 presentations on tax law and tax planning to CPAs, attorneys, and civic groups throughout 46 states, Washington, D.C., and British Columbia. He has authored the texts of 12 full-day CLB/CPE courses, authored tax materials for Commerce Clearing House, and written various articles for tax journals and legal journals in the past 14 years.
After receiving his undergraduate degree in accounting and law degree, he earned a master’s in taxation from the University of Denver in 1984. Burnett has served as an adjunct professor at the University of Denver Graduate Tax Program.
Non-Member Price $109.00
Member Price $79.00