Tax Aspects of Real Estate
The world of commercial real estate presents an array of complex tax issues for property owners. In this web seminar, we will explore the ins and outs of lease accounting from both the landlord and tenant perspective. Using detailed examples, we will discuss how to determine the tax basis when acquiring property—whether as a gift, purchase or foreclosure. We will explore the treatment of common lease issues, including commissions, inducements, tenant finish costs and the termination of leases. Finally, we will explore tax considerations when distributing or transferring property, including involuntary conversions, like-kind exchanges and outright disposition.
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- Identify how to determine the tax basis of acquired property
- Explore the treatment of common leasing issues
- Discuss tax implications of transferring and distributing property
Who Should Attend:
Anyone involved in tax planning for ownership and leasing of real estate, landlords, tenants and those who represent tenants.
Instructor: Brian Lovett, CPA, JD - Senior Tax Manager, WithumSmith+Brown
Instructional Method: Group-Internet
NASBA Field of Study: Taxes
Program Prerequisites: None
Advance Preparation: None