CE Credit - Mortgage Real Estate Taxation

6851 Northeast Loop 820,North Richland Hills TX 76180

20 January, 2022

Description

Come join us for a 3 hour CE Class brought to you by Jeremy Nuese, AmeriFirst mortgage. Lunch will be provided! Overview & Learning Objectives In this course, we’ll discuss real life examples of how you can help your clients evaluate their real estate options in a way that’s fully compliant with federal tax laws and regulations. Here are three stats that point to the importance of why a real estate agent should be familiar with tax concepts: According to the National Association of Realtors, cash buyers currently represent approx. 30% of all home purchases. Yet, many of these buyers are unaware of the tax consequences of doing so. On the other end of the spectrum, 27% of first-time homebuyers use gift funds to help with their down payment. Further, the New York Federal Reserve Board recently concluded in a study that a homebuyer’s down payment strategy can improve housing affordability by a whopping 40%. According to the National Association of Realtors, investors currently represent approx. 20% of all homebuyers. Many of these investors wonder about the benefits of converting their investment or vacation homes into primary homes, and vice versa. Learning objectives: How the mortgage interest deduction works on primary homes and vacation homes, and how this impacts the client’s mortgage and real estate strategy How recent changes to the standard deduction and SALT deductions impact first-time homebuyers and move-up homebuyers How to make better use of the primary residence exclusion to the capital gains tax How the 3.8% investment tax works, who needs to pay it and when it needs to be paid How the capital gains tax works when people convert their primary home into a rental property and vice versaHow rental income, depreciation, capital gains, and capital losses are taxed on investment properties How the gift tax works, who needs to pay it and when it needs to be paid How to make better use of the annual and lifetime exclusions to the gift tax when clients use gift money for a down payment How tax basis works and why it matters