Real Estate Tax Issues

Real Estate Tax Issues

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?