News & Articles

Real Estate Investors: Let's Talk about Like-Kind Exchanges

Posted on Mon, Aug 21, 2017

Are you thinking about divesting a real estate investment and then replacing it with another property? If you sell appreciated property outright, you'll incur a taxable gain, which lowers the amount available to spend on the replacement property. But you may be able to defer your tax bill (or even make it disappear) with a Section 1031 like-kind exchange.

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Tags: Real Estate Taxes, Real Property Tax, Investment

Capital vs. Ordinary: Classifying Income and Losses Affects Your Taxes

Posted on Thu, May 18, 2017

Most of the time, how to classify gains and losses from selling an asset is fairly straightforward. But there are some gray areas that require a closer look at the facts and circumstances, especially when real estate is involved, as a couple of recent cases demonstrate.

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Tags: Real Property Tax, Income, Capital Gains, Ordinary Gains

Consider Section 179 Deductions for Real Estate Expenses

Posted on Mon, Feb 20, 2017

The Section 179 deduction for qualified real property expenses was made permanent under the Protecting Americans from Tax Hikes (PATH) Act of 2015. However, claiming this deduction isn't a no-brainer. Here are the pros and cons.

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Tags: Retailers, Deductions, Section 179 Deductions, Real Property Tax, C corporation

EHTC: Impact of Claiming Section 179 Deductions for Real Property

Posted on Mon, Nov 18, 2013

The latest tax law provided more options for deducting qualified real property costs. Specifically, a business can elect to immediately write off such expenses (up to certain limits) under tax code Section 179, rather than depreciate them over time. However, new IRS guidance explains that claiming Section 179 deductions for qualified real property can lead to high-taxed ordinary income when the property is sold. This article explains. 

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Tags: Section 179 Deductions, Real Property Tax, Latest Tax Law, Articles, Echelbarger, EHTC