June 2011 Meeting
Wednesday, June 15, 2011 at 6:30 PM (PT)
Dublin, CA
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Event Details
'Foreclosure & Taxation of Debt Relief
and Tax Advantages of Real Estate'
Dennis Kamensky
Tax Accountant,
Real Estate Investor, Author
Ask your tax questions of the experienced tax expert and Real Estate Investor Dennis Kamensky who has personally done over 17,000 tax returns and has owned over 100 investment properties. His expertise involves the tax aspects of real estate investing and has helped 1000's of clients in their investment decisions..
Dennis is author of 'Winning On Your Income Tax' and 'Women and Taxes', as well as computer software programs Hypertax and Tax Tutor Plus.
Dennis is much in demand as a speaker and has appeared on over 250 radio and TV programs.
Now is the Best Time to be a Real Estate Investor and its important to stay up-to-date with the new tax laws so you can protect what you have and save money!
Dennis is author of 'Winning On Your Income Tax' and 'Women and Taxes', as well as computer software programs Hypertax and Tax Tutor Plus.
Dennis is much in demand as a speaker and has appeared on over 250 radio and TV programs.
Now is the Best Time to be a Real Estate Investor and its important to stay up-to-date with the new tax laws so you can protect what you have and save money!
Learn from Dennis who is a local tax expert. He works with a small number of real estate investors establishing strategies and preparing tax returns.
Among the topics Dennis will cover are:
Among the topics Dennis will cover are:
The Relief of Debt (Schedule E):
A.) How it is determined: *difference between FMV and balance owed (box 4-2)
B.) COD income on Schedule E (cancellation of debt)
C.) Getting past it
A.) How it is determined: *difference between FMV and balance owed (box 4-2)
B.) COD income on Schedule E (cancellation of debt)
C.) Getting past it
1.) Bankruptcy
2.) Insolvency
3.) Deficiency Judgments
4.) Tax attributes (asset reduction) all depreciable items
The Loans and The Lenders “Produce the Note”:
Recourse vs. non-recourse loans
Acquisition debt vs. refinance
1st vs. subordinating loans
1099-A Statements
1099-C Statements
Principal residence, vacation home, rental (investment) property $2 million rule
The Capital Gain or Loss:
A short sale is a sale for tax purposes (form 4797)
What’s the sale price?
What’s the cost basis?
Recapture of depreciation
Using passive/active losses from previous years:
To be, or not to be, a Real Estate Professional
A short sale is a sale for tax purposes (form 4797)
What’s the sale price?
What’s the cost basis?
Recapture of depreciation
Using passive/active losses from previous years:
To be, or not to be, a Real Estate Professional
Tax Advantages of Real Estate:
- How to use the tax laws on real estate to greatly lower your tax and pay little, or no, taxes when you sell your property. You will get a good understanding of property taxes as they relate to real estate investments.
- The "A, B, C" system of real estate investing, including where to buy now, and short and long term investing.
- Where are taxes headed and how will it affect real estate investing
Meet the expert on June 15th!
Register Now
See You on June 15, 2011
Hyatt Place Dublin/Pleasanton
4950 Hacienda Drive
Dublin, CA 94568
Registration starts at 6:00 pm
Program Starts at 6:30 pm
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Where
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Wealth and Health Network
Wealth Strategies You Can Use to Build Wealth.
Discover how you can build wealth in today's market. Learn how to make the right investment decision by getting the proper education and information on business, and real estate investment opportunities.
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