Buy or Sell Real Estate After the 1997 Tax Act PDF Download
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Author: Robert Irwin
Publisher: Wiley
ISBN: 9780471147237
Category : Business & Economics
Languages : en
Pages : 226
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Book Description
Of all the areas affected by the 1997 Taxpayer Relief Act--the most sweeping tax reform agenda in years--perhaps the greatest impact will be in real estate. From the capital gains reduction on investment property to the new $500,000 exclusion on the sale of residences, the revisions are numerous--and complex. This concise, easy-to-understand book clarifies and simplifies these changes for you, explaining exactly what the revisions are, what they mean for your holdings, and--perhaps most importantly--how you can profit from them when buying or selling residential or commercial real estate. With the very latest information on capital gains, home office deductions, home exclusions, and other modified provisions, Buy or Sell Real Estate after the 1997 Tax Act shows you how to: * Formulate effective strategies to achieve the best returns * Take advantage of tax-free exchanges * Use new exclusions to save money when selling your home * Manage rental property sales * Choose between trading and selling * Determine your taxes under the new rules Here is an authoritative, accessible, and thoroughly indispensable guide for anyone looking to understand--and capitalize on--the new tax law changes in real estate.
Author: Robert Irwin
Publisher: Wiley
ISBN: 9780471147237
Category : Business & Economics
Languages : en
Pages : 226
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Book Description
Of all the areas affected by the 1997 Taxpayer Relief Act--the most sweeping tax reform agenda in years--perhaps the greatest impact will be in real estate. From the capital gains reduction on investment property to the new $500,000 exclusion on the sale of residences, the revisions are numerous--and complex. This concise, easy-to-understand book clarifies and simplifies these changes for you, explaining exactly what the revisions are, what they mean for your holdings, and--perhaps most importantly--how you can profit from them when buying or selling residential or commercial real estate. With the very latest information on capital gains, home office deductions, home exclusions, and other modified provisions, Buy or Sell Real Estate after the 1997 Tax Act shows you how to: * Formulate effective strategies to achieve the best returns * Take advantage of tax-free exchanges * Use new exclusions to save money when selling your home * Manage rental property sales * Choose between trading and selling * Determine your taxes under the new rules Here is an authoritative, accessible, and thoroughly indispensable guide for anyone looking to understand--and capitalize on--the new tax law changes in real estate.
Author: Martin M. Shenkman
Publisher: John Wiley & Sons
ISBN:
Category : Business & Economics
Languages : en
Pages : 218
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Book Description
A comprehensive first look at the new Tax Act changes in estate planning. Among the myriad changes in the 1997 Tax Relief Act—the most sweeping tax reform agenda in years—are a significant number that affect estate planning. This concise, easy-to-follow book examines and evaluates all these revisions, providing in-depth explanations of exactly what they are, how they'll impact your planning goals, and—perhaps most importantly—how to capitalize on them. In addition to the increase in the Unified Credit (Exclusion), Estate Planning after the 1997 Tax Act brings you the very latest on capital gains, marital bequests, IRAs, planning for certain trusts, leasing of specially valued property, and other new rules that apply directly—and indirectly—to estate planning. Along with practical planning tips and techniques, helpful sample clauses, and invaluable advice, here's where you'll find essential information on: Family and closely held businesses—valuation, redemption, sales of stock, distribution of property, estate tax deferral benefits Gift planning—education and tuition breaks, gift-appreciated assets, effects of prior-made gifts on the estate tax return Retirement assets—repeal of excise tax, phaseout of IRA deductions, Roth IRAs, funding credit shelter trusts with pension assets Estate planning for real estate—exclusion on home sale gain, conservation easements, Qualified Personal Residence Trusts The Generation Skipping Transfer (GST) tax—changes to the deceased parent's exemption, indexing the GST exemption. Authoritative and accessible, this is an indispensable resource for anyone looking to understand—and benefit from—the ways in which the new tax law changes estate planning.
Author: Vernon Hoven
Publisher: Kaplan Publishing
ISBN: 9780793127856
Category : Business & Economics
Languages : en
Pages : 328
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Book Description
Whether buying or selling real estate, investors can realize more profits through careful tax planning. This new edition appears just in time for the profound impact of the Taxpayer's Relief Act of 1997. Issues as diverse as the change in capital gains taxation for home sales, the restored tax advantages for home offices, and new bankruptcy tax implications are updated in this workbook-style guide.
Author: Ben Livson
Publisher: Books-Livson-Group
ISBN: 0980327385
Category : Business & Economics
Languages : en
Pages : 128
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Book Description
Author: Jackie Sonnenberg
Publisher: Atlantic Publishing Company
ISBN: 1601382081
Category : Business & Economics
Languages : en
Pages : 290
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Book Description
Many people invest in real estate, from second homes to apartment complexes, condos, townhouses, and commercial buildings and realize a profit from doing so. However, real estate investors have begun to discover that there are a plethora of tax issues associated with buying and selling real estate. The Complete Tax Guide for Real Estate Investors will take the mystery out of these tax issues and even provide you with tax planning strategies. In this new book you will learn how to implement tax savings programs successfully to reduce or eliminate the resulting income tax from the sale of real estate, how to use the IRS tax code to your advantage through depreciation, how to set up annuity trusts and charitable remainder trusts, and how to avoid paying federal taxes. You will become knowledgeable about the different types of 1031 exchanges, including deferred exchanges, simultaneous exchanges, forward delayed exchanges, construction exchanges, reverse exchanges, two-party exchanges, and three-legged exchanges, as well as the advantages and disadvantages of each. Additionally, you will learn about capital gains taxes, tax and legal loopholes, recapture of depreciation, deferring taxes, reducing a home s tax basis, installment sales, tax liability, minimizing taxes on final divestment, stepped-up basis, taxation at the time of sale, and like-kind rules. It does not matter if you are a first time investor or a veteran of the real estate market; you will find valuable information, along with tips and tricks, in this book. Tax issues can strain resources and drain profits, but if you implement the strategies in this book you will be able to limit your taxes, thereby increasing your earnings. Atlantic Publishing is a small, independent publishing company based in Ocala, Florida. Founded over twenty years ago in the company president's garage, Atlantic Publishing has grown to become a renowned resource for non-fiction books. Today, over 450 titles are in print covering subjects such as small business, healthy living, management, finance, careers, and real estate. Atlantic Publishing prides itself on producing award winning, high-quality manuals that give readers up-to-date, pertinent information, real-world examples, and case studies with expert advice. Every book has resources, contact information, and web sites of the products or companies discussed.
Author:
Publisher:
ISBN:
Category : Capital gains tax
Languages : en
Pages : 20
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Book Description
Author: Joseph Gyourko
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
In this paper, we examine the asset price incidence of the capital gains tax cut in the Taxpayer Relief Act of 1997. By comparing two organizational structures in the real estate industry that differ only in how they should be affected by a change in capital gains tax rates, we isolate the effect of the tax cut from industry trends and firm-level fixed effects. Our estimates indicate that, in this industry, the benefit of a capital gains tax deferral when selling appreciated property accrued almost totally to the buyer of the asset, not the seller. Using share price data, we find that real estate firms that experienced a reduction in their tax subsidy in TRA97, called quot;UPREITs,quot; had 8.6 percent less price appreciation in 1997 relative to 1996 than did the companies that had no tax change, known as quot;REITs.quot; Firms that appeared most likely to be purchasers of property ? and which thus received the most benefit from the tax subsidy before it was cut ? endured the largest relative decline in share prices. We also find suggestive evidence that prices for new acquisitions rose for UPREITs relative to the REITs after TRA97. We conclude that up to 25 percent of UPREITs' share values is due to the remaining tax subsidy that they enjoy.
Author: Gaylon E. Greer
Publisher: Dearborn Real Estate
ISBN: 9780793136605
Category : Business & Economics
Languages : en
Pages : 520
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Book Description
Investment Analysis is an investment text geared toward the university-level student. With a focus on finance and economics, this text teaches students the fundamental ideas and concepts in real estate investment to aid in the decision-making process. With a new interior layout, updated material, and a brand-new CD-ROM Student Study Guide, this book is focused on giving the student the tools they need to succeed in their course.
Author: Richard A. Robinson
Publisher: iUniverse
ISBN: 9780595298495
Category : Real estate sales tax
Languages : en
Pages : 348
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Book Description
Federal Taxation of Real Estate Exchanges is a crash course in the art of the deferred real estate exchange. Learn easy steps to sell old real estate and buy new without paying federal income taxes by using IRS safe-harbor exchange rules. It's the definitive guide to taxation of real estate exchanges for real estate investors and serious professionals who are seeking a growing sophistication and appreciation of how powerful the deferred exchange is in the fast changing world of real estate investments. Federal Taxation of Real Estate Exchanges was first born as a three-day continuing education seminar which author Rich Robinson wrote and taught to thousands of real estate agents, CPAs and investors from coast-to-coast. During this time Rich teamed up with real estate broker and Qualified Intermediary, Jim Maxwell. By combining Rich's years of experience as a CPA, writing and teaching federal taxation of real estate transactions and Jim's practical "street smart" knowledge and background in real estate exchanging, they created a new educational program presented at the National Association of Realtors(R) Annual Convention. This course is based on that highly successful program.
Author: Jerry T. Ferguson
Publisher: Praeger
ISBN:
Category : Business & Economics
Languages : en
Pages : 208
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Book Description
This convenient reference tool is designed for real estate investors who wish to maximize their tax benefits through a better understanding of real estate law. Ferguson and Spede thoroughly analyze and explain real estate tax laws, as well as the problems and advantages of purchasing, owning, and selling real estate. Specifically explained and illustrated are such issues as calculating excess investment and interest, installment selling, alternative minimum tax, investment credits, recapture of tax credits, trading properties, leases with options to buy, and the establishment of new bases for trade. In addition, the authors emphasize many of the tax traps and pitfalls encountered by investors, including accelerated depreciation, amortization of expenses, and tax write-offs. Also considered are related topics such as personal property taxes, special tax problems, the rehabilitation of historic and older commercial properties, low income housing, rental cooperatives, condominium units, and home ownership taxation. Finally, there is a discussion of tax reform, including the changes brought about by the Deficit Reduction Act of 1984, as well as the possible effects of the flat tax rate proposed by the Treasury Department in January of 1985. The volume is completely cross-referenced, and includes chapter summaries, case histories, and a glossary, as well as numerous tables and illustrations.
