Defer a Current Tax Bill With a Like-Kind Exchange By: David M. Reape If you’re interested in selling commercial or investment real estate that has appreciated significantly, one way to defer a tax bill on the gain is with a Section 1031 “like-kind” […]
A Tax-Smart Way to Develop and Sell Appreciated Land By: Ed Decker Let’s say you own highly appreciated land that’s now ripe for development. If you subdivide it, develop the resulting parcels and sell them off for a hefty profit, it could […]
Advantages and Disadvantages of Claiming Big First-Year Real Estate Depreciation Deductions By: David M. Reape 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. But should you? It’s not as […]
Tax Mechanics Involved in the Sale of Trade or Business Property By: David M. Reape What are the tax consequences of selling property used in your trade or business? There are many rules that can potentially apply to the sale of business property. Thus, to […]