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
tax planning
Mixed-use property income tax deferral
Section 1031 Over the last couple of years, I have written a number of articles in this blog about tax-deferred exchanges of investment property under Section 1031 of the Internal Revenue Code (“IRC”). If owners of commercial real estate comply strictly with the mandates of this provision in selling their property, they can successfully defer the recognition of gain (and … [Read more...] about Mixed-use property income tax deferral
Special challenges for partnerships in Section 1031 tax-deferred exchanges
Tax-deferred exchanges Over the last several months, I have written a number of articles addressing the subject of tax-deferred exchanges under Section 1031 of the Internal Revenue Code. The topics have ranged from the methods available to Silicon Valley property owners for pursuing this advantageous strategy in our unique real estate environment, to the use of the reverse … [Read more...] about Special challenges for partnerships in Section 1031 tax-deferred exchanges
Withholding tax planning for foreign purchasers of U.S. real estate
Foreign purchasers have been—and continue to be—major investors in our local real estate markets. During the 12 months ending in March 2013, foreign buyers committed more than $68 billion to U.S. residential real estate. Particularly in California and Florida, a significant proportion of purchasers of residential real estate hail from abroad. Unfortunately, some of these … [Read more...] about Withholding tax planning for foreign purchasers of U.S. real estate