We’ll take a deep dive into whether you can take the Section 199A QBID for rental real estate. The emphasis will be on practical applications and real-life strategies.
We’ll take a comprehensive, deep dive into which rentals qualify (and which might not qualify) for the 20% Schedule 199A QBID. We’ll also cover how to compute the “property” factor that can limit the QBID for higher income taxpayers. We’ll cover in depth: Qualification for most rental property. Qualification of land leases. Qualification of triple net leases. How to protect yourself if you’re filing returns taking the QBID on land leases or triple net leases. Why not all triple net leases are alike. Requirements of the IRS’s “safe harbor” for rental properties (Notice 2019-7).
New and experienced CPA’s who practice in the tax area or who need a better understanding of the tax law for other areas of practice.
Identify case law and administrative law support for taking the QBID on triple net leases. Apply the requirements of the IRS’s “safe harbor” for rental property. Complete the IRS form that reduces the risk of preparer penalties. Identify special risk issues for taxpayers who reside in the Second Circuit (Connecticut, Vermont and New York).
4.90 stars out of 5 - speaker rating for 2019 for George Koutelieris and Gregory White
“These 2 rock. [They are] prepared and knowledgeable.”
“George & Greg always do a great job! They are always super helpful.” - past attendees
George Koutelieris, CPA, is a shareholder with the firm Johnson & Shute P.S. He subsequently received his Master’s in Taxation from Golden Gate University graduating with Highest Honors in 2010 and being awarded the Outstanding Graduate Tax Student Award for the Seattle campus of Golden Gate. He is currently an Adjunct Professor at Golden Gate University teaching various tax courses. George’s practice includes planning and consulting on complex transactions including formations, liquidations, mergers and acquisitions, purchase and sales, multi-state and international tax for closely held businesses and their owners. In addition, George provides compliance and representation services before the IRS and various state taxing agencies for clients. George is also an active speaker on various tax topics, having presented in the past for Golden Gate University, the Washington Society of Certified Public Accountants, and the Oregon Society of Certified Public Accountants. George Koutelieris and Greg White are available to teach in-house courses in tandem for company CPE needs.
Non-Member Price $94.00
Member Price $79.00