Real Estate Taxation
| LAW 427-01 | Real Estate Tax | 3 credits |
|---|---|---|
| Problem oriented analysis of tax aspects of real estate investment from a life cycle perspective of acquisition, operation and disposition. Areas studied are: start-up costs; acquisition costs and capital vs. ordinary expenditures; treatment of interest and depreciation; anti-tax shelter limitations on tax losses; deferred payment (installment sale and basis recovery reporting) and non-recognition like-kind exchange and involuntary conversion techniques; character issues including treatment of real estate dealers. Many topics are most frequently litigated by IRS. This is principal area of common law of taxation; tax policy and politics are also examined. Prerequisite: Law 311 Federal Income Taxation. | ||
Foundational:
Corporate Taxation
Family Wealth Transactions
Federal Income Tax
Supporting:
Accounting for Lawyers*
Advanced Income Tax*
Employee Benefits
Federal Tax Practice Clinic
Principles of International Taxation*
Real Estate Taxation*
Small Business Planning*
Tax Research Methods*
Taxation of Small Business*
*courses not offered every year