§199A Final Regs and Rental Real Estate Oh, What a Tangled Web - Bradley Burnett

Course Summary:

“§199A Final Regs and Rental Real Estate Oh, What a Tangled Web” by Bradley Burnett is a focused course designed to break down the often-confusing final regulations surrounding Internal Revenue Code Section 199A and its specific application to rental real estate activities. This course aims to provide clarity for real estate professionals and investors on how to potentially qualify for the Qualified Business Income (QBI) deduction. Bradley Burnett, a seasoned expert in tax law, guides you through the complexities, helping you understand the nuances and potential pitfalls of these regulations as they pertain to owning and managing rental properties. The course emphasizes practical application and aims to equip participants with the knowledge needed to navigate compliance and potentially optimize their tax benefits.

Target Audience:

This program is ideal for:

• Real estate investors who own rental properties.
• Landlords and property managers.
• Real estate agents and brokers.
• Tax professionals (CPAs, Enrolled Agents) who advise clients with rental real estate holdings.
• Anyone seeking a deeper understanding of how the §199A deduction applies to rental real estate.
• Individuals and businesses operating as pass-through entities with rental income.

Main Content:

The program typically covers key areas such as:

• Understanding the Basics of §199A: A foundational overview of the Qualified Business Income (QBI) deduction.
• Specific Application to Rental Real Estate: How the general §199A rules apply uniquely to rental property ownership and management.
• The “Trade or Business” Requirement: Analyzing whether rental real estate activities qualify as a “trade or business” under §199A.
• Safe Harbors and Elections: Exploring available safe harbors and elections that can help rental real estate qualify for the QBI deduction.
• Aggregation Rules: Understanding how to potentially aggregate multiple rental properties for the purposes of §199A.
• Treatment of Deductions Related to Rental Real Estate: How expenses impact QBI for rental activities.
• Planning Strategies for Maximizing the §199A Deduction: Practical tips and strategies for structuring rental real estate investments to potentially optimize the QBI deduction.
• Review of Final Regulations and Examples: In-depth analysis of the final IRS regulations and illustrative examples to clarify complex concepts.
• Potential Pitfalls and Areas of Confusion: Identifying common mistakes and areas where taxpayers may encounter challenges in applying §199A to rental real estate.