Tax Plnnng for Real Estate Investments/Closely Held Businesses

3 units

The course will address: choice of entity (including discussion of the advantages and disadvantages of forming and operating various types of businesses as either a corporation, a limited liability company, or a partnership); sale and exchange considerations for real estate investments and closely held businesses, including mergers and acquisitions, like-kind exchanges, and installment sales; passive loss rules; cancellation of debt; and tax credit and incentives available in connection with certain types of real estate development and operating businesses, including rehabilitation of historic and non-historic structures, development of low-income housing, and utilization of new markets tax credits. [JD students interested in taking this course must receive special permission, and will receive a letter grade, which will not calculate into their JD GPA.]