Tag: Property Owners

Year-end Tax-Planning Strategies for Property Owners

The year 2020 will be recorded as a time of volatility and market disruption—not to mention a presidential election that changed which party controls the executive branch. Long before COVID-19 entered the picture, the Tax Cuts and Jobs Act (TCJA) of 2017 included a number of benefits for property owners and investors. The Coronavirus Aid,

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QIP Fix in CARES Act Provides a Boost for Property Owners

The CARES Act economic stimulus package approved by Congress includes a tremendous opportunity for property owners to take 100% bonus depreciation for qualified improvement property (QIP) retroactively. Specifically, property owners who used cost segregation for faster depreciation can either file a Form 3115, change of accounting method, or amend 2018 and 2019 returns to generate

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