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Investing in Promissory Notes and Raw Land can be a good addition to a real estate investment portfolio to provide diversity and hedge against changes in the real estate industry.
Real estate offers some of the best tax strategies in the IRS Code. Which of the following are strategies unique to real estate?
Learning to manage a “property manager” is just as important as learning how to manage a rental property itself.
An real estate investor classified as an “Active Investor” can write-off up to $25,000 in losses as “ordinary losses” against any other type of income without any limitations.
How many years do I have to live in AND own my personal residence in order to qualify for the sale of home exemption?
In order to qualify as an “active” real estate investor, according to the IRS, which of the following tests must I meet?
Determining average number of rental days is for what purpose:
A rental property is classified as a “short-term rental” for tax purposes if the average stay of a tenant is less than 7 days.
Substantial services would include which of the following:
Cost segregation allows assets on a rental property to be depreciated on a 5, 7, or 15-year schedule instead of the traditional commercial or residential periods.
Commercial buildings are generally depreciated over how many years?
How many methods are sanctioned by the IRS and can be used in a Cost Segregation Studies?
In a 1031 exchange, the “replacement property” is which property?
In a 1031 transaction, “boot” is considered to be what?
A taxpayer can sell 3 properties and buy one, or sell one property and buy three, or any variation thereof with no limit on the number of properties sold or purchased so long as they comply with the Identification rules.
A taxpayer can form their own Opportunity Zone Fund as an LLC if they comply with the rules and KKOS lawyers has the lawyers and skills to help a client do so.
If the investor holds the Qualified OZ fund investment for at least five years, the basis of their investment in the fund increases to 10% of the deferred gain.
In order to qualify as being “substantially improved” additions to the basis of the property must exceed what amount during the 30-month period?
