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Jan 16 An Update: Real Estate Professionals and Passive Losses

Last Updated Jan 16, 2018 in Get Real: Real Estate Life Cycle Insights, KRS Blog
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A passive loss from a real estate activity occurs when your rental property's expenses exceeds its income. As a taxpayer, you're only allowed to claim a certain amount of losses on your tax return each year. That is, unless you qualify as a real estate...

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Dec 13 How Tax Reform Impacts Real Estate

Last Updated Dec 13, 2017 in Get Real: Real Estate Life Cycle Insights, KRS Blog
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At KRS, we've been tracking tax reform legislation closely and are ready to assist you in your tax planning and preparation when it is finally signed into law. This post discusses some important changes to tax law real estate professionals need to know about. ...

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Nov 20 Special Tax Allowance for Rental Real Estate Activities

Last Updated Nov 20, 2017 in Get Real: Real Estate Life Cycle Insights, KRS Blog
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If a taxpayer fails to qualify as a real estate professional, losses from rental activities may still be deductible. While real estate professionals are afforded beneficial tax treatment enabling them to deduct losses from their real estate activities, real estate nonprofessionals taxpayers may still benefit....

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Oct 25 Wrap-around Mortgages Explained

Last Updated Oct 25, 2017 in Get Real: Real Estate Life Cycle Insights, KRS Blog
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Learn about wraps and structure better deals. This post explains wrap-around mortgages, which can be used in large commercial loans and in single family real estate investments....

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Oct 10 What You Ought to Know about Affordable Housing

Last Updated Oct 10, 2017 in Get Real: Real Estate Life Cycle Insights, KRS Blog
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The federal government used to build its own public housing. However, the government banned public housing construction in 1968 and began demolishing many of its buildings in the 1990s. While the direct construction went away, the need for new units did not. The Low...

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May 10 What Is an UPREIT ?

Last Updated May 10, 2017 in Get Real: Real Estate Life Cycle Insights, KRS Blog
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An Umbrella Partnership Real Estate Investment Trust (UPREIT) can provide tax deferral benefits to commercial property owners. This post discusses the tax implications for UPREITs....

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Jan 31 Do You Hold Real Estate in a C Corporation?

Last Updated Jan 31, 2017 in Get Real: Real Estate Life Cycle Insights, KRS Blog
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In practice I have encountered legacy entities that were set up before the rise in popularity of S Corporations or the general acceptance of Limited Liability Companies. Occasionally, there is still the investor who was advised to purchase or is contemplating purchasing, rental real estate...

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Dec 22 Trending Now: Real Estate Crowdfunding

Last Updated Dec 22, 2016 in Get Real: Real Estate Life Cycle Insights, KRS Blog
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Ever hear of real estate crowdfunding? If not, maybe you should take a look. As a result of the JOBS Act, crowdfunding platforms have become available which offer options for investing in real estate. Here's what you need to know about this new investing tool...

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Nov 22 How to Ruin a Like-Kind Exchange

Last Updated Nov 22, 2016 in Get Real: Real Estate Life Cycle Insights, KRS Blog
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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....

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Oct 06 Can Real Estate Professionals Pay No Income Taxes (a la Donald Trump)?

Last Updated Oct 06, 2016 in Get Real: Real Estate Life Cycle Insights, KRS Blog
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This post shares an accountant's view on how Donald Trump may have carried those tax losses forward legally - and how the same strategy can be used by real estate professionals....

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