Decoding Tax Reporting for DSTs

Webinar
Written By Rachel Fisher

If you or your client(s) are reporting a tax return with a DST investment this year, there are important details you should know. As DST beneficiaries essentially hold real estate ownership, tax reporting deviates from standard investment practices.

Join one of Legacy's professional partners, Larry Pon, CPA as he delves into the specifics of the “substitute 1099” or grantor letter (Form 1041), contrasting it with the familiar Form 1065 Schedule K-1.

This recorded webinar breaks down how to navigate the intricate tax reporting landscape of DSTs, including:

  • The federal tax reporting process for DST beneficiaries, focusing on the use of the substitute 1099 or grantor letter and its translation to Schedule E.

  • The complexities of state tax filings for DSTs with properties in various states, ensuring accurate reporting in each jurisdiction.

  • The role of DSTs in 1031 exchanges and the impact on tax reporting for investors utilizing this strategy.

Speaker: Larry Pon, CPA/PFS, CFP, EA, USTCP, AEP

Host: Jamie Furlong, Managing Partner at Legacy Investments & Real Estate

About the Speaker:

Larry Pon is a Certified Public Accountant, Personal Financial Specialist, Certified Financial Planner, Enrolled Agent, United States Tax Court Practitioner, and Accredited Estate Planner in Redwood Shores, CA.

Mr. Pon has been in practice since 1986 and enjoys helping his clients reach their financial goals. He frequently speaks on tax and financial planning topics to tax professionals, financial advisors, and the general public nationally. Mr. Pon received his BS in Business Administration with emphases in Accounting and Finance from the University of California, Berkeley and MS in Taxation from Golden Gate University in San Francisco.

 

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We are passionate in our pursuit to help every investor build their financial legacy by unlocking the power of passive real estate. Through custom strategies aligned to their unique goals and needs, we provide investors with the potential for all the benefits of real estate investing without the headaches of property management.

 
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