Determining Transient Use For Depreciation
When is a place that provides accommodations considered a residential facility or nonresidential? Find out.
Do You Capitalize or Expense?
Can a cost can be immediately expensed in whole, or must it be capitalized incrementally over different tax years. Find out.
New Standards: HUD- & USDA-Financed Housing
Read this white paper to identify the the covered HUD and USDA programs and upcoming compliance dates.
Passive Activity Loss: Rules and Exceptions
According to PAL regulations, you can’t deduct passive activity loss against other nonpassive income. However, there are exceptions to that rule. Get details.
The Retail Motor Fuel Outlet Exception
Gas station proprietors may not be aware of a tax reporting alternative called the “retail motor fuel outlet” exception. Read for more details.
Importance of Estate Planning and Cost Segregation
When Cost Seg is used as an estate planning tool, it can result in the recognition of depreciation for the decedent that would have otherwise gone unused.
Extension, Increase, And Modifications Of The New Energy Efficient Home Credit
Learn more about the new law under The Inflation Reduction Act of 2022.
Passive Activity Loss Limitations
Understand the limitations on the current deduction of PALs and how those limitations can affect the benefits of cost seg on rental real estate.
Personal Property and §1031
Personal property no longer qualifies for gain deferral under §1031. But how do you determine if property is real or personal? The answer may depend on when the property exchange began. Learn more.