June 19, 2023

Replay: Top 4 Q&A on Real Estate Income Taxes

As much as we plan and prepare to prevent technical difficulties, sometimes it happens. Thank you for everyone’s patience during Roger’s microphone issue.

Roger generously re-recorded his section of the webinar!*

Original Recording:

Roger's Re-Recording:

We covered some interesting topics such as:

  • How to correctly depreciate a property that is both commercial & residential, according to IRS rules.
  • How to account for a Real Estate purchase – know closing costs that should be capitalized, amortized, or expensed, and how to determine a land value.
  • Understand what a taxpayer’s choices are if they replace a roof or repave a parking lot, including what is considered a repair, how to dispose of the replaced property, and other solutions.
  • Learn about the new Form 3115. What changes can and cannot be made to Form 3115 to correct most depreciation errors including omissions, and what changes are automatic?

Interested in speaking directly with us about a project you’re working on? We work with…

  • Firms that would like to offer Cost Segregation services to their clients
  • Commercial Real Estate Property owners that would like to optimize their tax savings.

*As a reminder, please note, since this session was pre-recorded, CPE is not available when listening to the recording.

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