by admin | Jan 31, 2019 | Law, Regulations
Final 199A Regulations As part of implementing tax reform, Congress gives Treasury the job to provide regulations interpreting the new law. A new component of the tax law, 199A, provides pass-through businesses the ability to deduct 20% of their qualified business...
by admin | Jan 31, 2019 | Revenue Procedure
In October 2018 Ed Horan submitted commentary (https://bit.ly/2RAYyYs) requesting Treasury clarify that rental property owners will qualify for the new 199A deduction. His comments were also picked up by TAX NOTES, a national tax news service. With the final 199A...
by admin | Dec 28, 2018 | Realty Exchange Corporation
there is plenty of chatter and hype about investing in Qualified Opportunity Funds (QOF) to defer real estate capital gain. The Qualified Opportunity Zones (QOZ) and Qualified Opportunity Funds (QOF) were created in TCJA legislation a year ago, but there are still...
by admin | Oct 25, 2018 | Realty Exchange Corporation
Realty Exchange highly recommends the 15th edition of Every Landlord’s Tax Deduction Guide, written by Stephen Fishman, J.D., and published by NOLO. Get a copy here. Link: https://store.nolo.com/products/every-landlords-tax-deduction-guide-dell.html...
by admin | Oct 24, 2018 | Realty Exchange Corporation
Qualified Opportunity Funds (QOFs, which invest in Opportunity Zones) are not eligible as replacement real estate in a 1031 exchange. For those with questions about investing in QOFs as an alternative to a 1031 exchange, you can review the proposed IRS regulations at...
