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Depreciating Residential and Commercial Real Estate

Bharmal&Associates

A motel and apartment building are both rental real estate. The post Depreciating Residential and Commercial Real Estate appeared first on Bharmal & Associates, Inc. If you own an apartment building with a $1 million basis, your depreciation deduction is $36,360. Why the difference? Not according to the tax law.

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Separating Your Business From Its Real Estate

RogerRossmeisl

Does your business need real estate to conduct operations? Any short-term benefits may be outweighed by the tax, liability and estate planning advantages of separating real estate ownership from the business. The post Separating Your Business From Its Real Estate appeared first on Roger Rossmeisl, CPA.

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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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Withum’s Real Talk – Hot Real Estate Topics

Withum

Introducing a new video series tailored to Real Estate professionals on trending topics in the Real Estate industry, tax subjects and more! Seeking relevant information in your Real Estate realm? Let’s Chat The post Withum’s Real Talk – Hot Real Estate Topics appeared first on Withum.

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How the Tax Code Can Help Investors Keep Their Real Estate Wealth Stable During Retirement

CPA Practice

Since individual investors (not corporate entities) own more than 70% of residential rental real estate , you likely have some clients who hold property assets and act as landlords for those properties. By David Wieland. With rising interest rates and prices, clients with investment properties may be feeling a pinch in income.

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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.

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The Ins and Outs of Real Estate Income: Tax Planning for Short-Term Rentals

CTP

Using real estate as a source of income is only becoming more popular with the advent of sites like Airbnb and VRBO that enable homeowners to earn extra cash from property they already own. Taxpayers who are new to leveraging real estate for income may be unfamiliar with the tax loopholes available to them.