Real Estate Partnership Taxation


The partnership is the most popular entity for holding, managing and constructing real estate. In a unique approach that "fills in the gaps" for both novices and experienced practitioners, this seminar explores how partnership taxation applies in the real estate arena. You'll get answers to these questions and more:

  • How do the tax laws apply to real estate developers, rental real estate and investment partnerships?
  • How do the tax laws apply to lease transactions?
  • How does taxation differ between LLC "partnerships" and general or limited partnerships?



To give practitioners the technical skills to service real estate partnerships. You will gain a deeper understanding of the business of real estate formation, finance and operation, as well as exit strategies for existing partners. You'll be able to identify relevant tax issues and plan aggressively for your company or clients. You'll also be equipped to prepare all the relevant tax returns for real estate partnerships and LLCs.

  • Impact of recent developments on partners and partnerships
  • The Section 199A qualified business income deduction
  • Disposition of real property, including installment sales and 1031 exchanges
  • Tax treatment of carrying costs, depreciation recapture
  • Tax treatment of lease acquisition, cancellation and Section 467 lease agreements
  • Passive activity, tax basis and at-risk basis limitations
  • Property distributions and cash distributions
  • Section 754 elections—when to do so, when not
  • Tax basis inside and outside
  • Real estate partnerships with service and capital partners
  • Recourse and nonrecourse debt allocation rules
  • Special debt allocation rules for disregarded entities
  • Mandatory basis adjustments for substantial built-in losses
  • Answering the Section 1.707-8 Disguised Sale Disclosure question of Form 1065
  • Capital Account reporting: tax basis vs. 704(b) basis
  • Cancellation of indebtedness (COD) issues, including bankruptcy and insolvency

Partnership Taxation: Level I or equivalent.


No advance preparation required.

Level of Knowledge: 


CPE Credit: 
NASBA Field of Study: