Combining the real-life experience of working with numerous CPA firms and tax professionals around the country with comprehensive easy-to-read .. Read more materials containing pertinent examples and illustrations, this powerful course will provide you with the most recent and up-to-date tax changes. You'll receive answers to all your tax questions in an accessible PDF manual covering all of the latest federal legislative issues with hyperlinks to all of the source documents cited in the text should you desire additional detailed information on any particular item. Written by renowned tax expert, John J. Connors, JD, CPA, LLM, this course covers all the bases: recent TCJA changes, impact of passive loss rules and 3.8% Medicare surtax on rental properties, interest expense incurred to acquire real estate and the Sec. 163(j) election, best type of entity to hold real estate, as well as a myriad of common consulting issues taxpayers encounter with regard to real estate investments. Using Form 3115 to catch up on missed depreciation deductions - Handling repair expenses for rental properties, including the use of the increased “de minimis” exception. 754 election to step up inside basis of real estate held by LLCs; impact on QBIA for Sec.
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