LAW 7884 - Real Estate Tax Planning

Prerequisites: Federal Income Taxation - LAW 7133 and Property - LAW 7123. Taxation of Business Organization - LAW 7608 is recommended. Tax planning issues for those who develop and/or operate real estate, including choice of business entity, financing techniques and syndications, handling of pre-opening expenditures, capital gain/loss issues, selling or disposing of the property, charitable easements, depreciation and amortization, repairs and capitalization, tax shelter rules (at risk and passive loss rules), and special concerns with rehabilitation credits, low income housing, condominiums, time share projects, and homeowners associations. 2 credits.