Real property-related tax questions have long been a mainstay of this blog. Since being passed into law in late 2017, the Tax Cuts and Jobs Act and its sections relating to investment in commercial real estate have regularly appeared in my posts. The establishment of tax-advantaged Opportunity Zones and the clarifications of the regulations governing those investments, among … [Read more...] about IRS issues final safe harbor rules for rental real estate owners to take the 20% qualified business income deduction under Section 199A
Safe Harbor
Recent Tax Court decision makes Section 1031 reverse exchanges less challenging
I have previously noted in my blog some of the practical benefits of the use of the “reverse exchange” allowed for deferral of gain under Internal Revenue Code Section 1031. For those of you who may not recall the specifics of this technique, in a reverse exchange, the taxpayer acquires the “replacement property” first before selling the “relinquished property”; contrast this … [Read more...] about Recent Tax Court decision makes Section 1031 reverse exchanges less challenging