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AICPA Construction and Real Estate Conference 2020


COR2023 - RPTOB Revisited and Prop Regs under 163(j)


Dec 8, 2020 12:15pm ‐ Dec 8, 2020 1:30pm

Standard: $49.00

Description

In this session, we’ll examine the latest developments impacting a taxpayer eligible to elect out of the interest limitation rules of Section 163(j) as a “real property trade or business.”

  • Identify those taxpayers who may elect out of Section 163(j) as a real property trade or business,
  • Understand the consequences of such an election for a taxpayer who makes the election in the first year it would otherwise be subject to Section 163(j).
  • Understand the consequences of such an election for a partnership who makes the election in a year after in which it passed out excess business interest expense.
  • Identify the one-time opportunity afforded by Rev. Proc. 2020-25 to undo a previous Section 163(j)(7) election.

Speaker(s):

Category: Concurrent Session Online

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