Examines the tax consequences of owning real estate including the ownership and operation of real property; sales, conversions, foreclosures, leases and abandonments; tax aspects of financing; real estate investment trusts; and real estate holding companies. Prerequisite: TXX 5762.

( GMP 5762 OR TXX 5762 )

Learning Outcomes
The student will have an understanding of the impact of federal taxation on real estate transactions at every stage - acquisition, operation, and disposition.
The student would have also explored the tax implications of like-kind and same- kind tax deferred exchanges, installment sales, mortgages, settlements, and foreclosures.

The understanding obtained by the study of real estate taxation will deepen tax professionals' grasp of this aspect of the law. This knowledge will also make them informed citizens who can assess the political and economic objectives of taxation. Tax planning ideas, including international structuring, will also become apparent.
All of your professional skills will probably be underutilized or wasted if you are unable to communicate effectively, both in writing and orally. To further develop your communication skills, you will be expected to lead and/or participate in class discussion and to complete one research assignment.

By the end of this course, the student should be able to:
1) Understand the federal tax consequences associated with real estate acquisitions.
2) Understand the federal tax consequences associated with real property leases.
3) Understand the federal tax consequences of real estate operations.
4) Understand the federal tax consequences of the disposition of real property.
5) Understand the federal tax deductions available to homeowners.
6) Understand the federal tax consequences associated with the sale of a personal residence.
7) Understand the federal tax consequences associated with securitized real estate investments.

1. Required Materials


1. Textbooks

Practical Guide to Real Estate Taxation - 5.Edition CCH, Incorporated
Commerce Clearing House
ISBN: 9780808017004

Notes: Textbooks may be purchased from the NSU Bookstore by calling 1-800-509-2665 or online at www.nsubooks.bkstore.com.


APA Manual
Effective October 1^st 2009, the 6th edition of the APA Manual is required for all courses.

NSU Bookstore
Textbooks and Case Studies may be purchased from the NSU Bookstore (located in the University Park Plaza) by calling 1-800-509-2665 or online at http://www.nsubooks.bkstore.com.



2. Recommended Materials

Federal Income Taxation of Real Estate, Vol. 6 – 1998- Gerald S. Robinson – Warren Gorham & Lamont.

The Real Estate Investor’s Tax Guide – 3rd ed., - by Vermon Hoven - Real Estate Education Company – 1998. (ISBN 0793138086)

Understanding The Tax Part of Real Estate Exchanging; What Works, What Doesn’t, and Why. – by Richard A. Robinson – iUniverse, Incorporated –2001. (ISBN 0595196098)

The NSU libraries comprise the Alvin Sherman Library, Research, and Information Technology Center, East Campus Branch Library, Health Professions Division Library, Law Library and Technology Center, North Miami Beach Branch Library, University School Library Media Centers, and the William S. Richardson Ocean Science Library. Students are strongly encouraged to visit one of the physical locations and/or take advantage of the vast electronic library available for research. For more information, please visit http://www.nova.edu/library.

Please note that all required and recommended materials should be referenced in APA style.