Crucial Real Estate Insights Part 1: Acquisition Strategies (Completed)

Join Greg White, CPA, as he walks through strategies for purchasing real estate, including written allocation provisions. Greg will discuss how to break out the purchase price apportioned to improvements into its components: Building, land improvements and personal property. We’ll take a deep dive into claiming bonus depresication, section 179 and de minimis dedudctions on real estate. We’ll also cover financing considerations, including whether to elect out of section 163(j); both the costs and the benefits.

Who Should Attend
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Topics Covered

• Apportionment of purchase price
• Bonus depreciation, section 179 and de minimis expensing for real estate
• Purchasing interests in a qualified opportunity fund
• Financing considerations, including whether clients should make the real property election out of section 163(j)

Learning Objectives

• Recognize the mechanics of apportioning purchase price as part of a purchase and sales agreement
• Identify property that qualifies for bonus depreciation, section 179 and de minimis expensing
• Recognize how to make the election out of section 163(j) for real property businesses

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None