Nov 22 How to Ruin a Like-Kind Exchange
I had a taxpayer call me about the sale of a rental property. Here's the big mistake he made that cost him big $$$ because it couldn't be structured as a 1031 exchange....
Nov 22 Understanding IRS Rules for Self-Rentals
If you rent property to one of your business entities, that "self-rental" arrangement may have negative tax consequences. Here's what you need to know about the tax effects of self-rentals....
Nov 22 Investor vs. Dealer
Real Estate Owners must answer the question: Am I a Dealer or an Investor? The answer may have a significant impact on the amount of tax incurred. This post explains what you need to know to save on taxes by understanding how each are treated...
Nov 22 Passive Activity Loss and the Income Tax Puzzle for Real Estate Professionals
Does being a real estate professional have income tax advantages? For real estate professionals, it all comes down to passive and non-passive activities related to property. Here's how to figure out this income tax puzzle. ...
Nov 22 Passive Loss Limitations in Rental Real Estate
[social_share style="square" align="horizontal" heading_align="inline" text="" heading="" facebook="1" twitter="1" google_plus="1" linkedin="1" pinterest="1" link="" /] If you think purchasing a rental property will make a great tax shelter, you may need to dig a little deeper into “passive loss limitations” and how they may affect your real estate...
Nov 22 The Tax Benefits of Cost Segregation in Real Estate
Cost Segregation Basics
Real estate investors can obtain significant tax benefits by using a popular asset depreciation technique called cost segregation. Using this process, purchasers view a real estate acquisition as not only that of the building and land, but also as tangible personal property and land improvements.
Nov 22 Understanding IRC Code Section 1031 and Why You Should Care
[vc_row][vc_column][vc_column_text]Hint: it’s about deferring capital gain taxes
[caption id="attachment_2322" align="alignright" width="300"]
1031 exchanges,also called like-kind exchanges, offer tax benefits when structured properly.[/caption]
If you think this is one of those dry topics about taxes, think again. It’s important information for anyone selling a commercial real estate property who cares about being protected from capital gains taxes and growing their portfolio.
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