Help your clients evaluate their real estate options in a way that’s fully compliant with federal tax laws and regulations. Here’s what you will learn:
- How the mortgage interest deduction works on primary homes and vacation homes, and how this impacts the client’s mortgage and real estate strategy
- How recent changes to the standard deduction and SALT deductions impact first- time homebuyers and move-up homebuyers
- How to make better use of the primary residence exclusion to the capital gains tax
- How the 3.8% investment tax works, who needs to pay it and when it needs to be paid
- How the capital gains tax works when people convert their primary home into a rental property and vice versa
- How rental income, depreciation, capital gains, and capital losses are taxed on investment properties
- How the gift tax works, who needs to pay it and when it needs to be paid
- How to make better use of the annual and lifetime exclusions to the gift tax when clients use gift money for a down payment
- How tax basis works and why it matters
Course is approved for 3 hours Elective CE credit in KS and MO.
Attendance: There is no "late arrival window" for CE classes. Late arrivals will be permitted to attend the class, however, will not receive CE credit. Electronics: iPads and other electronic tablets are permitted for note taking purposes only. Please remember that “no-shows” without prior notice will incur a no-show fee of $30.