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You really will need a solid federal tax understanding to properly address SALT issues. You’re likely going to run into the following items in SALT RE:
- Captive REIT status and disallowed DPD for state purposes
- Unique apportionment rules for REITs
- Whether construction in progress is part of the property factor
- State withholding on the real estate sale transactions
- Modification for QIP
- Whether to combine REIT and non-REITs
- How to flow apportionment and whether to reapportion, particularly when some investors aren’t invested in some properties.
Online CPE
Agree having solid Fed background helps. COST is a great organization and has a Basic Income Tax “School” (weeklong conference).
AI is probably a great start as well.
I would love to build some SALT courses. What exactly are you curious about?