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Tax Cuts and Jobs Act Impact on Real Estate

Exam Questions: 20
Course Level: Basic
Pages: 116 | Content: 110, Supplemental: 6
NASBA Area of Study: Taxes
Not Acceptable for: N/A
Version: 7630A

This course focuses on changes made by the Tax Cuts and Jobs Act of 2017 on the taxation of real estate. It includes changes made to the business interest deduction, the pass-through deduction, depreciation and Section 179 expensing, the building rehabilitation credit, and more. All course material provided. No prerequisites. Course level: Basic.

EA Program Approval Number: ZX34G-T-00397-20-S

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Course Information

Table of Contents
  • Business Interest
  • Pass-Through Deduction
  • Depreciation and Section 179 Expensing
  • Building Rehabilitation Credit
  • Opportunity Zones
  • Tax Accounting Rules Affecting Real Estate
  • Alternative Minimum Tax
  • REITs
  • Homeowners
Objectives
  • To recall limitations of the business interest deduction
  • To identify factors that affect the taxation of pass-through entities
  • To recall the factors that affect the depreciation deduction
  • To recall the factors that impact the section 179 expensing election
  • To recognize the factors that impact the rehabilitation credits after the passage of the TCJA
  • To identify how long investments in opportunity zones must be held to qualify for the tax incentive
  • To recall tax accounting rules related to the various accounting methods for real estate issues
  • To recall the changes made to the AMT exemption amounts for individuals after the passage of the TCJA
  • To recognize the taxation of capital gains on REITs
  • To identify the tax implications of the TCJA as they relate to homeowners

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