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Advantages and Disadvantages of Claiming Big First-Year Real Estate Depreciation Deductions

RogerRossmeisl

Your business may be able to claim big first-year depreciation tax deductions for eligible real estate expenditures rather than depreciate them over several years. 179 deduction can be claimed for real estate qualified improvement property (QIP), up to the maximum annual allowance. But should you? Importantly, the Sec.

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Commercial Real Estate Market Predicted to Rebound in 2024

CPA Practice

That’s the forecast from top analysts at Dallas-based CBRE Group, one of the world’s largest commercial real estate firms. “We We expect 2024 will be decidedly different for real estate investors,” Darin Mellott, head of Americas capital markets research for CBRE, which moved its headquarters to Dallas in 2020.

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Companies are Prioritizing Agility and Risk Reduction in 2023 Real Estate Portfolios

CPA Practice

A new survey from lease optimization software provider Visual Lease has found that, while 70% of senior real estate executives reported that their businesses are looking to add space as a part of their 2023 real estate strategy, 88% are planning for physical space needs just one year or less in advance.

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Serving Seniors Can Help Firm Real Estate Clients

CPA Practice

A Chicago-area real estate agent, Betsy Phillips, has built up her practice by focusing on the needs of transitioning seniors, www.seniorrealestateexperts.com. To corner a healthy share of this huge and diverse market, real estate agents and agencies must learn the ins and outs of serving seniors. Nikki Buckelew, Ph.D.,

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Investing in Real Estate? How to Qualify for Real Estate Professional Tax Status  

Anders CPA

If you’re a taxpayer with income from rental activities or other real estate investments , it’s important to understand whether the IRS considers you a real estate professional. Do You Qualify as a Real Estate Professional? Do You Need to be a Real Estate Agent or Realtor?

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Commercial Real Estate Accelerated 179D Tax Deduction Expanded

Withum

Authors: Lynn Mucenski-Keck , CPA, MST, Principal and National Lead, Federal Tax Policy | lmucenskikeck@withum.com , Michael Hurwitz , CPA, Partner | mhurwitz@withum.com , and Wyatt Chinn , CPA | wchinn@withum.com Contact Us For more information on this topic, please contact a member of Withum’s Real Estate Services Team.

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Zillow Builds ChatGPT Feature for Real Estate Searches

CPA Practice

Zillow has launched its Zillow ChatGPT plugin, which gives users a new way to discover real estate listings. The Zillow plugin then retrieves relevant information from Zillow’s extensive database of real estate listings. Generative AI is changing the way people search for information.