Real estate tax issues can be confusing for the real estate broker, agent, developer or investor. Some examples of problems:

• Short Sales
• Section 1031 Exchanges; also called deferred exchanges– what can be exchanged?
• Entity selection – LLC, partnership, corporation, trust, or sole proprietorship?
• Basis calculation – how much did the property cost?
• Depreciation – what is the correct useful life for income tax purposes?
• Mortgage issues – what is deductible, what is not?
• What expenses are deductible in my business?