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Product ID: 386159EAU
 
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Passive Activity Losses in Real Estate

OnDemand Webinar (96 minutes)

The Passive Activity Rules have been around for almost 25 years, but there are questions abound regarding some of the latest changes and update rules and regulations as they relate to real estate and the "Real Estate Professional". This OnDemand Webinar will cover the Passive Activity Rules. What it takes to meet the material participation tests, who is a Real Estate Professional, why and how would you group your activities, and should you be aggregating your rental real estate activities? This program will cover the most recent issued Rev. Proc. regarding the grouping requirements and a brief discussion regarding the impact of the 3.8% Medicare contribution tax on passive activity income.

Authors

Michael J. Kane, Baker Tilly Virchow Krause, LLP
Wayne T. Schiferl, Baker Tilly Virchow Krause, LLP

Agenda

Code Section 469 Basics

Material Participation Requirements and Alternatives

Qualified Real Estate Professional and Material Participation in Real Estate Rental Activities

Grouping, Aggregation, and Candelaria 469 Disclosures and Elections

2011 Disclosure Requirements Under Revenue Procedure 2010-13

Action Plans Steps the 2011 Tax Year and Before 2010 Filing Season Ends