Tax Issues in Real Estate Partnerships: Dealer vs. Investor Status, 163(j) Interest Limitations, Tax Credits under the IRA, 199A
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This course will provide tax advisers with a detailed and practical guide to navigating certain planning complexities and opportunities for real estate partnerships. Our panel of real estate experts will analyze the factors that determine dealer status along with recent cases to enable real estate owners and their advisers to report investor or dealer status and properly mitigate IRS challenges. The panel will also cover other important topical real estate partnership tax issues including carried interest, 163(j), and the availability of tax credits under the Inflation Reduction Act.
Outline
- The Inflation Reduction Act and energy incentive tax credits
- Tax criteria and consequences of dealer property
- Carried interest
- Section 199A – passthrough deduction for qualified business income
- Section 163(j)--interest deduction limitations
Benefits
The panel will review these and other important issues:
- Tax credits under the Inflation Reduction Act
- When to advise partnerships holding real estate assets to avoid dealer classification
- Planning structures that help reduce the amount of gain taxed at ordinary income
- Utilizing the 199A passthrough deduction
- Electing out of the 163(j) interest limitation
Faculty
Kimberly Arndt
Tax Counsel
Senate Finance Committee
Ms. Arndt has worked in the real estate industry, advising clients, including public and private REITs, on complex U.S.... | Read More
Ms. Arndt has worked in the real estate industry, advising clients, including public and private REITs, on complex U.S. tax issues, including structuring real estate investments for different investor types as well as advising clients on day-to-day tax matters. She has also worked on various large REIT M&A transactions, REIT conversions, and REIT diligence at both the entity and asset level for both traditional and non-traditional REIT assets. During her time at PwC, Ms. Arndt has been deeply involved in digitizing REIT diligence tools such as the annual REIT checklist and property service questionnaires, as well as web-based project management tools to track these surveys.
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Adam Feuerstein
Principal, National Real Estate Tax Technical Leader
PricewaterhouseCoopers
Mr. Feuerstein is the National Real Estate Tax Technical Leader at PricewaterhouseCoopers, LLP and, in that role, he... | Read More
Mr. Feuerstein is the National Real Estate Tax Technical Leader at PricewaterhouseCoopers, LLP and, in that role, he helps clients navigate the complicated tax world in which we live. Mr. Feuerstein brings his experience and passion (yes, passion for tax) to help clients see the big picture from a tax perspective, while at the same time keeping an eye on the important details necessary to achieve the client’s particular objectives. Clients often comment that he has a keen ability to convey complicated tax concepts and that he is approachable and easy to work with.
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