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Understanding Taxes on Real Estate Gains

RogerRossmeisl

Let’s say you own real estate that has been held for more than one year and is sold for a taxable gain. Perhaps this gain comes from indirect ownership of real estate via a pass-through entity such as an LLC, partnership or S corporation.

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Protecting Your Business from Real Estate Fraud

RogerRossmeisl

Whether your company acquires businesses that own real estate or you invest in real estate directly, fraud poses an ever-present threat. Buying and selling real estate is complicated, and it’s relatively easy for crooks to manipulate the process.

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Advantages of Keeping Your Business Separate From It’s Real Estate

RogerRossmeisl

Does your business require real estate for its operations? With long-term tax, liability and estate planning advantages, separating real estate ownership from the business may be a wise choice. Or do you hold property titled under your business’s name? It might be worth reconsidering this strategy.

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Can Homeowners Deduct Seller-Paid Points as the Real Estate Market Improves?

RogerRossmeisl

The recent drop in interest rates has created a buzz in the real estate market. The post Can Homeowners Deduct Seller-Paid Points as the Real Estate Market Improves? Potential homebuyers may now have an opportunity to attain their dreams of purchasing property. appeared first on Roger Rossmeisl, CPA.

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Depreciating Residential and Commercial Real Estate

Bharmal&Associates

A motel and apartment building are both rental real estate. The post Depreciating Residential and Commercial Real Estate appeared first on Bharmal & Associates, Inc. If you own an apartment building with a $1 million basis, your depreciation deduction is $36,360. Why the difference? Not according to the tax law.

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Advantages and Disadvantages of Claiming Big First-Year Real Estate Depreciation Deductions

RogerRossmeisl

Your business may be able to claim big first-year depreciation tax deductions for eligible real estate expenditures rather than depreciate them over several years. 179 deduction can be claimed for real estate qualified improvement property (QIP), up to the maximum annual allowance. But should you? Importantly, the Sec.

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How CPAs Can Help Clients with Real Estate and Residential Changes

CPA Practice

Those nearing retirement or on a fixed income often need to know what the financial and tax implications might be should they sell a longtime family residence, a second home or real estate included in their portfolio. The real estate industry has responded to these challenges.