NEW! (Updated for the Tax Cuts and Jobs Act) 2-Hour Program
WHY ATTEND THIS COURSE?
A lot has changed regarding capitalization of real estate. The 2014 changes to regulations related to capitalization significantly increased the situations in which improvements to real estate must be capitalized. But the Protecting Americans from Tax Hikes Act of 2015 and the Tax Cuts and Jobs Act made a number of changes that allow for faster cost recovery in certain cases, including making permanent the use of Section 179 for certain real estate transactions and allowing bonus depreciation in some cases with real estate.
This two-hour session takes a look at how recovering the cost of real estate is handled under the most recent changes to the law and regulations.
CPAs who advise taxpayers that have real property rentals or use real property in their trade or business.
Participants will be able to:
COURSE ACRONYM: RECE2
PRESENTATION METHOD: Group-live
LEVEL OF KNOWLEDGE: Intermediate
ADVANCE PREPARATION: None
FIELD OF STUDY: Taxation
RECOMMENDED CPE CREDIT: 2 hours
SmartPros®, A Kaplan Company and Loscalzo Institute, A Kaplan Company are registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.