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DTSTART:20170308T194500Z
DTEND:20170308T213000Z
LOCATION:TCI Wealth Advisors, Inc. 4011 E. Sunrise Dr.
UID:1445520170308T194500ZWebinar - Negative Basis Partnership Freeze
DTSTAMP:20260430T122201Z
DESCRIPTION:\n12:45 – 1:00\n Check-In\n \nPlease feel free to bring your lunch to eat during this time and/or during the webinar.\n \n\n1:00 - 2:00 \n Webinar\n\n2:00 - 2:30\n Discussion\n \nPost webinar discussion amongst attendees is encouraged.\n \nAnyone who is attending is welcome to volunteer to facilitate the discussion.\n \n \n \n1 hour of continuing education credit\n \n \n \nRESERVATIONS\n \n If you purchased the Webinar Series Subscription with your membership renewal, all you need to do is RSVP via email to admin@saepc.org if you will be attending. You will be sent a return email confirmation.\n\nIf you did not purchase the Webinar Series Subscription, please login\n \nto pay the $20 fee to attend this webinar or to purchase the Subscription. You will be sent a return email confirmation.\n \n \n \nWhen real estate is encumbered by mortgage liabilities in excess of its income tax basis, a lifetime transfer, either by sale or by gift, causes the taxpayer to report phantom income. This intermediate webinar will first evaluate how to eliminate the phantom gain at death and still implement an estate tax freeze using the preferred partnership structure. The second part will examine how one can defer the reporting of the phantom gain if a lifetime sale of the negative basis real estate is contemplated. The income tax deferral will become even more important if there is no estate tax and no income tax-free step-up in basis at death. It is recommended that participants have an understanding of the income tax issues that arise when an asset subject to liabilities is either sold or disposed of by a lifetime gift.  \n \nJerome M. Hesch, MBA, JD, AEP® (Distinguished) is the Director of the Notre Dame Tax & Estate Planning Institute, an Adjunct Professor of Law at Florida International University, University of Miami, Vanderbilt University, and Boston University On-Line LL.M. Program.\n
SUMMARY:Webinar - Negative Basis Partnership Freeze - Southern Arizona Estate Planning Council 
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