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About
Are your clients house flippers or investors? Understanding this distinction is crucial for accurately reporting their activities on tax returns. This webinar will equip you with the knowledge to properly classify your clients' real estate activities and ensure compliance with tax regulations. You will gain insights into the correct treatment of sales from flipped properties, the timing and reporting of renovation expenses, and other essential tax strategies to benefit your clients involved in house flipping.

By the end of this course, you will be able to confidently classify a taxpayer as either a house flipper or an investor, ensuring accurate tax reporting. You will be able to summarize the appropriate tax treatment for expenses related to property renovations, providing clarity on how and when these expenses should be reported. Additionally, you will understand how to report the sale of property for both flippers and investors, and be able to determine whether the profit should be treated as ordinary income or capital gains, optimizing your clients' tax outcomes.

2 IRS CE/2 NASBA CPE*

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*Self-Study recording not available for NASBA CPE credit.
Price
$79.00
Language
English
Who can attend
Everyone
Dial-in available? (listen only)
Not available.

Hosted By Tax Practice Pro

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