Category: Real Estate

Real Estate

IRS Issues Final Regulations on the Business Interest Expense Deduction Limitation by Heath Standorf, CPA

Posted on October 20, 2020 by Heath Standorf

The IRS recently published final regulations regarding the business interest expense deduction limitations introduced in 2017 by the Tax Cuts and Jobs Act (TCJA) and recently updated by the CARES Act. Included in the final regulations are guidance to help taxpayers identify and calculate their interest deduction limitation and FAQs to help them understand if […]

Real Estate Webinar Slides

Posted on April 30, 2020

Here are the slides from our webinar held on April 30, 2020.   Real Estate Webinar Slides April 2020

Have You Suffered Any Losses Due to COVID-19? Some 2020 Losses May Be Deductible in 2019 by Arthur J. Lieberman

Posted on April 27, 2020 by Art Lieberman

The COVID-19 crisis has caused major economic hardship for many companies, making it imperative for businesses of all kinds to increase cash flow to ensure survival. Taxpayers should not overlook the potential to reduce 2019 taxes and/or generate refunds of taxes previously paid from 2014 through 2018 by making an election to deduct eligible 2020 […]

IRS Provides Limited Relief for Taxpayers in the Midst of 1031 Exchanges by Arkadiy (Eric) Green, CPA

Posted on April 27, 2020 by Eric Green

Investors and other taxpayers involved in Section 1031 tax-deferred exchanges during the COVID-19 pandemic may now have additional time to identify and/or close on replacement property without losing the preferential tax treatment afforded by these transactions. Section 1031 of the Internal Revenue Code allows real estate investors to defer recognition of capital gains on the […]

UPDATED – Some Opportunity Zone Investment Deadlines Extended by Federally Declared Disaster for COVID-19 by Arthur J. Lieberman

Posted on April 09, 2020 by Art Lieberman

The COVID-19 pandemic has brought a variety of commercial transactions to a screeching halt. For businesses and investors involved in the Qualified Opportunity Zone (QOZ) program, this temporary pause can delay their ability to meet the program’s statutory time constraints, which may expose them to excise-tax penalties. However, relief from some deadlines currently is available […]

COVID-19 CARES Act Provides Significant Benefits to Property Owners and Others That Invest Capital in Commercial Real Estate Improvements by Angie Adames, CPA

Posted on April 01, 2020 by Angie Adames

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) grants a 15-year depreciation period to qualified improvement property (QIP), making it eligible to bonus depreciation. With this legislation, businesses with commercial real estate holdings may immediately write-off expenses incurred to improve the interiors of non-residential buildings rather than depreciating those costs over 39 years. This […]