What You Need to Know: Self-Rentals and Negative Tax Capital Accounts
This blog is part of an ongoing series highlighting tips and strategies that could help you benefit from or better manage your real estate interests. Be sure to check back to our Real Estate blog frequently to learn more. Did you Know: Self-Rentals Did you know that rental income to
Qualified Opportunity Zones: Two New Ways to Benefit
Two Opportunity Zone (OZ) related initiatives were announced last week that benefit small businesses operating in OZs as well as homebuyers that may purchase a house in an OZ. These initiatives open up the OZ playing field in a way that will allow for even more people to benefit. For
Contributions of Property to a Qualified Opportunity Zone Fund
An excerpt from our Opportunity Zone Expo Panel Discussion on November 14, 2019 Before the second round of the proposed rules, the only way for investors to purchase an interest in a Qualified Opportunity Zone Funds (QOF) was with cash. Round Two of the proposed regulations allowed for QOFs to
Are You Required to Elect a Partnership Representative?
This blog is part of an ongoing series highlighting tips and strategies that could help you benefit from or better manage your real estate interests. Be sure to check back to our Real Estate blog frequently to learn more. Read Part one here. Did you Know: Partnership Representatives Did
Real Estate Interest Expense Limitations Could Impact Your Business
This blog is part of an ongoing series highlighting tips and strategies that could help you benefit from or better manage your real estate interests. Be sure to check back to our Real Estate blog frequently to learn more. Did you Know: Interest Expense Limitations Did you know the Tax
Ohio Opportunity Zone Tax Credit Signed into Law
On July 18, 2019, Ohio Governor Mike DeWine’s operating budget was signed into law, including a 10 percent nonrefundable income tax credit to those who invest in the state’s Opportunity Zones. The income tax credit is equal to 10 percent of capital gains reinvested, up to $1 million, into Qualified