Understanding passive activity rules for real estate professionals
After completing this course, the learner should be able to:
- Define the purpose and basic provisions of Section 469
- Identify the requirements, benefits, and limitations of qualifying as a real estate professional under Section 469
- Apply the material participation tests
- Recognize the advantages and disadvantages of aggregating real estate activities to help qualify as a real estate professional under Section 469
- Recognize the exemption in IRC 1411 from the net investment income 3.8 percent surtax for income earned by real estate professionals.
Instructor bio
Stan earned his bachelor’s degree in Business Administration from California State University, Northridge in 1980. He now runs a two-office tax, accounting and consulting practice in Oakland and San Francisco, California. The practice focuses on high net worth individuals and small businesses, providing quality, personalized financial and tax guidance. Stan has taught continuing education courses to practitioners throughout the country on a regular basis for over 10 years. Stan has been a regular guest on a local radio talk show discussing taxes and has been quoted several times in local papers. He previously taught accounting courses in junior colleges in Southern California.
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