• videocam Live Webinar with Live Q&A
  • calendar_month August 14, 2026 @ 1:00 PM ET/10:00 AM PT
  • signal_cellular_alt Intermediate
  • card_travel Tax Preparation - Pass Through
  • schedule 110 minutes

Tax Issues in Real Estate Partnerships: OBBBA Benefits, Dealer vs. Investor Status, 163(j) Interest Limitations, 199A

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Discount expires 7/31/26

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About the Course

Introduction

This webinar will analyze the most impactful provisions of the One Big Beautiful Bill Act (OBBBA) affecting real estate owners, developers, and their advisers, with a focus on interest limitation rules, depreciation changes, and planning considerations. Our panel of real estate experts will analyze the factors that determine dealer status, along with recent cases, to enable real estate owners and their advisers to properly report investor or dealer status and mitigate IRS challenges.

Description

From the formation of the entity, ownership and holding purpose affect how income, deductions, gains, and losses are characterized, allocated, and reported to partners. By nature, the nuances of real estate partnerships require careful consideration to mitigate overall tax liability. Among the many planning and reporting challenges is determining whether property is characterized as dealer property. Property that is treated as dealer property has significant tax implications because income recognized on the disposition of property that is not "dealer property" can qualify for favorable long-term capital gains rates. In contrast, gain from the sale of dealer property is taxed as ordinary income.

The OBBBA permanently restores 100% bonus depreciation, allowing real estate partnerships to fully expense qualifying property in the year it is placed in service. Changes to §163(j)—including the continued use of EBIT rather than EBITDA for adjusted taxable income—require a fresh look for partnerships that are subject to interest limitations.

Listen as our panel of experienced practitioners provides practical insights and planning strategies for real estate partnerships after the OBBBA.

Presented By

Stephen Bertonaschi
Senior Managing Director, Leader of Real Estate Tax
FTI Consulting

Mr. Bertonaschi specializes in advising clients in key areas, including entity formation and structuring, real estate asset acquisitions and dispositions, merger and acquisition tax advisory, real estate investment trust (“REIT”) due diligence and compliance matters. He has 20 years of experience, including deep expertise in institutional-owned real estate and private equity matters. Mr. Bertonaschi has broad experience with real estate merger and acquisition transactions, partnership roll-ups, buy- and sell-side due diligence, tax accounting matters, like-kind exchanges, disguised sales, RIDEA tax structures and financial statement income tax provisions. Additionally, he has extensive experience providing a broad array of tax advisory services to companies in a wide range of markets and industries.

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Adam Kearney
Managing Director
FTI Consulting

Mr. Kearney specializes in real estate taxation and real estate investment trust (“REIT”) compliance. He has more than 15 years of experience in the real estate industry providing tax compliance and consulting services. Mr. Kearney specializes in REITs and partnerships, primarily dealing with real estate owners, operators and developers. His expertise also includes partnership income and debt allocation issues, Section 704(c) planning, REIT compliance and REIT-related matters. Mr. Kearney has broad expertise across many segments of real estate, including retail, office, industrial, hospitality, healthcare and private equity funds. Along with his compliance expertise, his experience includes acquisition and disposition due diligence, REIT qualification due diligence, tax accounting matters, ASC 740 income tax provisions and tax transactional services. Mr. Kearney has significant experience with state and local income tax compliance and related issues and has utilized this knowledge to help clients create the most tax efficient structure.

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Credit Information

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

  • BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

Date + Time

  • event

    Friday, August 14, 2026

  • schedule

    1:00 PM ET/10:00 AM PT

I.     OBBBA incentives

II.     Tax criteria and consequences of dealer property

III.     Carried interest

IV.     Section 199A passthrough deduction for qualified business income

V.     Section 163(j) interest deduction limitations

VI.     Other considerations

The panel will review these and other important issues:

  • The OBBBA provisions that impact real estate partnerships
  • When to advise partnerships holding real estate assets to avoid dealer classification
  • Planning structures that help reduce the amount of gain taxed as ordinary income
  • Utilizing the 199A passthrough deduction
  • Changes to 163(j) calculations made by the OBBBA

Learning Objectives

After completing this course, you will be able to:

  • Identify and handle the tax reporting issues specific to real estate partnerships
  • Determine the tax benefits of the OBBBA specific to real estate investors
  • Decide how the OBBBA changes impact the 163(j) business interest limitation
  • Ascertain tax differences between investment or dealer status
  • Field of Study: Taxes
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite:

    Three years+ business or public firm experience preparing complex tax forms and schedules, supervising other preparers or accountants. Specific knowledge and understanding of pass-through taxation, including taxation of partnerships, S corporations and their respective partners and shareholders.

BARBRI, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

IRS Approved Provider

BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

BARBRI CE webinars-powered by Barbri-are backed by our 100% unconditional money-back guarantee: If you are not satisfied with any of our products, simply let us know and get a full refund. Contact us at 1-800-926-7926 .