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The Tax Break Commercial Real Estate Investors Might Need After COVID-19

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QRPBI is debt that is incurred or assumed by the taxpayer in connection with real property used in a trade or business and is secured by such property. For property acquired on or after January 1, 1993, QRPBI includes debt used to acquire, construct, reconstruct, or substantially improve real property. Business Tax Services.

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Congress Fails To Pass Key Tax Extenders, Now What?

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Alternatively, if the small business exemption is unavailable, the real property trade or business exception should be evaluated. It should be noted that the election into the real property trade or business exception is an irrevocable election. Let’s Chat The post Congress Fails To Pass Key Tax Extenders, Now What?

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