Real Estate: Tax Issues in Real Estate Practice
This course provides an intensive one-semester survey of major topics in the taxation of real estate, including basis calculations, cost recovery and gain on sale, development expenditures and capitalization rules, taxation of leasehold transactions, tax certiorari practice, 1031 exchanges, at-risk and passive-activity loss rules. Federal Income Taxation of Individuals and Real Estate Transactions & Finance are prerequisites. This course is required for the Real Estate LL.M. degree, but is also open to J.D. students.