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This PDF is required reading for those individuals holding property in vehicles like land trusts:
Entities that Hold Property
Written by James Brennan on January 21st, 2007.
Read more articles on Web Properties and inside1031.com and CardeaCommercial.com and State-Specific 1031 Issues and Calc_Q7 and Calc_Q8.
Replacements of roof, rain gutters, windows, and furnace on a residential rental property are capital improvements to the structure because they materially add to the value of your property or substantially prolong its life. The items would be in the same class of property as the rental property to which they are attached. Since the […]
Written by James Brennan on January 20th, 2007.
Read more articles on Web Properties and inside1031.com and CardeaCommercial.com and State-Specific 1031 Issues and Tax Calculations and General Tax Q&A and Calc_Q3 and Calc_Q4 and All the Questions You Were Afraid To Ask About 1031s.
This attachment is required reading for any individual or corporation selling real property in Maryland if not domiciled in Maryland.
NRS Guide
Written by James Brennan on January 20th, 2007.
Read more articles on Web Properties and inside1031.com and CardeaCommercial.com and State-Specific 1031 Issues and Calc_Q7.
Great question. Yes there is. Assuming your client is selling an investment property that he or she has held for longer than one year, the client would defer paying capital gains taxes on 15% federal, State Capital Gains (around here between 5-9%) and 25% depreciation recapture tax on all depreciation deductions taken. Thus, this effectively […]
Written by admin on January 19th, 2007.
Read more articles on Web Properties and inside1031.com and CardeaCommercial.com and State-Specific 1031 Issues and Tax Calculations and General Tax Q&A and Calc_Q7 and Calc_Q8 and All the Questions You Were Afraid To Ask About 1031s.