Events

Passthrough Entities and Real Estate Tax Update - WTP speaker

This seminar is part of the 2014 Taxation on Real Estate Conference sponsored by the Illinois CPA Society for accountants and financial executives. The topics to be covered include:

• allocating partnership recourse and  nonrecourse liabilities including “bottom dollar” guarantees
• minimizing taxable gain upon disguised sales of property  between partners and partnerships
• coordinated planning for  real estate professionals under the passive activity  limitations (IRC Section 469) and the Net Investment Income Tax (IRC Section 1411)
• optional and mandatory basis  adjustments upon sales of partnership interests and  distributions of property by partnerships to partners
• passthrough entity aspects of the net investment income tax including dispositions of interests and payments from partnerships to partners and 
• possible  legislative limitations on like-kind property exchanges (IRC  Section 1031)