Passthrough Entities and Real Estate Tax Update - WTP speaker

Date: June 4, 2014 - 12:00 PM - 1:30 PM


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)