News & Resources

Section 266 Election for Investment Property

Individual taxpayers with investment property lost a potential tax deduction when the 2017 Tax Cuts and Jobs Act (TCJA) created a $10,000 cap on the deduction for state and local taxes paid. The individuals may want to consider a Section

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Home Is Where the Tax Breaks Might Be

If you own a home, the interest you pay on your home mortgage may provide a tax break. However, many people believe that any interest paid on their home mortgage loans and home equity loans is deductible. Unfortunately, that’s not

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Congress Passes Extender Legislation

  On December 20, President Trump signed into law the “Taxpayer Certainty and Disaster Tax Relief Act of 2019.” The Disaster Act extends over 30 Code provisions, generally through 2020. Below are some highlights of the extensions. Note: There are

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Indiana New Home Building Sees Spike in 2016

  It’s no surprise new housing is booming in Indiana. Just look around, and you’ll see homes being built at a record pace. Dan McGowan, Senior Write/Reporter of Inside INdiana Business, and Rick Wajda, CEO of the Indiana Builders Association,

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Real Estate Update – Summer 2016

National Security Compliance is Key to Cross‑Border M&A  According to REITcafe, foreign investors purchased a record $91.1 billion in U.S. properties last year—more than double the amount they purchased in 2014. Chinese investors alone poured $8.6 billion into U.S. commercial

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Real Estate Update – Spring 2016

New Law Restricts Tax-Free REIT Spinoffs By Randy Schwartzman, Patricia Brandstetter In recent years, tax-free spinoffs under Sec. 355 involving REITs became popular among corporations with real estate holdings. The essence of REIT spinoffs is that valuable real estate leaves

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Real Estates Waived or Reduced for Disabled Vets

  If you are a disabled veteran, in almost every jurisdiction you can petition your local taxing authority to have your real estates waived or reduced.  The following states offer real estate tax deductions: Illinois:  A qualified disabled veteran can receive

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