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From the category archives: Boulay

Real Estate

Real Estate Investment and Passive Income and Losses: What You Need to Know

The IRS considers income and losses from investment in real estate or rental property passive unless you are a real estate professional. What could this mean for you? Passive income from real estate may be subject to the 3.8% net investment income tax (NIIT*) and any passive losses can only be deducted against passive income.

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Material Participation in Rental Activities as a Real Estate Professional

Qualifying as a real estate professional in the eyes of the IRS is only half the battle when it comes to utilizing your rental real estate losses. This article discusses the second hurdle taxpayers must clear—a hurdle affectionately known as material participation.

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Cost Recovery and Depreciation Recapture

To accurately forecast the after tax cash flows of real estate dispositions, today’s investor must be familiar with special rules for determining the tax on gains and losses, which are contained within the Internal Revenue Code. Internal Code Sections 1231, 1245 and 1250 provide the foundation for the IRS’ depreciation recapture regulations, which can significantly impact the after tax cash flows of your sale.

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Is Your Foreign Real Estate Transaction Taxable?

Determining whether a transaction is subject to FIRPTA is only the beginning of what must be done prior to the sale of U.S. real property.

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Does the IRS Define You as a “Real Estate Professional”?

You may consider yourself a real estate professional. However, the IRS may see you differently when you file.

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Real Estate Investing Pitfalls and Strategies

When embarking on a real estate investment project, there are numerous financial and tax issues considerations to address. This article covers a sampling of issues to consider as you plan your project.

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New Net Investment Business Tax Affects Real Estate Industry

Finance and Commerce recently published an article, "Net Investment Business Tax hits real estate," by Boulay Partner, Tom Johnson, CPA

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New Tangible Property Rules Influence Real Estate and Construction Industries

Finance and Commerce published an article, "New tangible property rules offer industry tax opportunities," by Greg Margarit, CPA and Boulay Partner. Click on the pdf below to read the full article.

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