Wednesday, July 23 | 4:00 p.m. - 4:50 a.m. | Concurrent Session
Dealer vs. Investor: Compliance Essentials
1 CPE for AFSP, EA, CFP®, CPA, CRTP
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This course focuses on the critical distinctions between dealers and investors in the eyes of the IRS, particularly among individuals involved in house flipping. Gain a thorough understanding of what qualifies as a flip, the factors determining dealer classification, and the correct reporting requirements for properties purchased and resold for profit. Through a review of relevant case law and the Winthrop factors, this session equips you with the knowledge to properly classify and report transactions, ensuring compliance and accuracy.
Objectives
Upon completion of this session, you will be able to:
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Identify when someone is a dealer vs. an investor in the eyes of the IRS
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Report the purchase, related costs and sales of flipped properties
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Review case law and the Winthrop factors for dealer status
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CPE information
Duration: 50 minutes
Course level: Basic
Prerequisite: None
Advanced preparation: None
Delivery method: Group Live
