Quick ReadMike, a 58-year-old high-income landlord, used a cost segregation study to claim $186,000 in depreciation ...
A few years ago, I helped a client renovate a gorgeous set of cottages that the owner decided to use as short-term rentals. He made good money from the cozy beach bungalows, but hosting family ...
When business owners purchase or build a new commercial property, most are focused on location, financing, tenant improvements and long-term growth. What often gets overlooked is one of the most ...
Real estate owners have limited options to pull cash out of a 1031 exchange without having to pay income tax. With proper tax planning, this problem can be solved with a cost segregation study. The ...
Cost segregation is a powerful tool that can benefit retirees who own commercial properties by optimizing their savings and offsetting taxes — particularly when it comes to converting a traditional ...
Let’s set the stage. A residential rental property owner acquired a 312-unit apartment complex and was looking for strategies to reduce an estimated tax liability of nearly $9 million. Our tax team ...
You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. There are tax advantages that come with owning rental properties — most notably, deductions that will ...
When a New Jersey-based developer built an $18 million multifamily complex, its then-CPA adviser missed out on a significant tax deduction, according to Stephanie Dominguez, a partner at the CPA firm ...
Not long ago, I met with the CFO of a healthcare REIT that owned dozens of outpatient facilities across several states. They had used the same CPA firm for years. Solid, reputable, but not specialized ...
The Tax Cuts and Jobs Act of 2017 expanded bonus depreciation to additional assets and allowed for 100% bonus depreciation. While the qualification for bonus eligibility does not change, the amount ...