Capital Gains Tax Planning for Real Estate Transactions: Tax Allocations, IRC 338 and 754 Elections, IRC 1031, QOFs

Real estate remains one of the top portfolio items for investors, with thousands of real estate transactions taking place daily. This webinar will provide tax and investment advisers representing persons in real estate transactions with a comprehensive examination of optimal structures for the ownership vehicle and the mechanics of the purchase or sell transaction.

For income and transfer tax purposes, counsel for buyers and sellers should be prepared to address the tax consequences of various transactions and entity structures, plus the related tax compliance requirements. Tax counsel and advisers must be well-versed in the allocation of taxes to buyers and sellers, tax issues for entity versus asset purchases, tax elections under IRC Sections 338 and 754, and the use of 1031 exchanges and qualified opportunity funds (QOFs).

Listen as our panel of tax practitioners goes beyond the basics to provide a comprehensive and practical guide to structuring real estate transactions for tax planning, from ownership profile through finalizing the real estate deal.

1. Tax implications of buying and selling real estate
2. Determining the purchasing entity structure
3. Entity vs. asset purchases
4. Tax allocations for buyer and seller
5. IRC Sections 338 and 754 elections
6. 1031 exchanges and QOFs

The panel will review these and other key issues:

• What are the tax implications for buyers and sellers in real estate transactions?
• What are the key considerations for determining the appropriate entity structure for purchasing real estate?
• What are the differences and key issues of entity purchases versus asset purchases?
• How do you handle tax allocations for the buyer and seller?
• What are the pros and cons of making a Section 338 or 754 election?
• How can you utilize 1031 exchanges and QOFs, and what are the current tax rules to consider?

Learning Objectives

After completing this course, you will be able to:

• Identify ownership structures and related tax consequences for investments and structures for real estate transactions
• Determine the optimal purchasing entity for domestic and foreign investors in U.S. real estate
• Ascertain tax planning opportunities in structuring real estate transactions

• Field of Study: Taxes
• Level of Knowledge: Intermediate
• Advance Preparation: None
• Teaching Method: Seminar/Lecture
• Delivery Method: Group-Internet (via computer)
• Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
• Prerequisite: Three years+ business, law or public firm experience at mid-level within the organization, overseeing and structuring investment transactions in U.S. real estate; supervisory authority over other attorneys, preparers/accountants. Familiarity with different types of ownership entities and structures and related tax consequences for buyers and sellers of real estate.

Strafford Publications, Inc. is 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 Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

IRS Approved Provider

Strafford is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).