Our site will be unavailable for 4.5 hours starting on Friday, October 19th, 2018 from 11:00pm and ending at 3:30am CST on Saturday, October 20th, 2018 for maintenance. We apologize for any inconvenience this may cause.

Kaplan University School of Professional and Continuing Education Kaplan University School of Professional and Continuing Education

Real Estate Capitalization and Expensing Rules (RECE2)

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.

DESIGNED FOR...

CPAs who advise taxpayers that have real property rentals or use real property in their trade or business.

OBJECTIVE

Participants will be able to:

  • Explain the portions of a building that qualify as a unit of property
  • Apply the three elections available under revised capitalization rules
  • Identify situations where a cost segregation study may make sense
  • List real estate that can qualify for immediate expensing or accelerated depreciation

MAJOR SUBJECTS

  • Unit of property rules for real estate under the tangible property capitalization regulations
  • De minimis election as it relates to real property
  • Small building safe harbor for real property
  • Real property section 179 opportunities

COURSE ACRONYM: RECE2

PRESENTATION METHOD: Group-live

LEVEL OF KNOWLEDGE: Intermediate

PREREQUISITES:

  • Experience with advising taxpayers with real estate or preparing tax returns with real estate

ADVANCE PREPARATION: None

FIELD OF STUDY: Taxation

RECOMMENDED CPE CREDIT: 2 hours


CPE Sponsor icon

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.