With the 2024 tax year wrapping up, it’s important to understand bonus depreciation for 2024 and cost segregation and how they can impact your taxes. Some tax benefits will prove beneficial for businesses when filing 2024 taxes. What is Bonus Depreciation? The term bonus depreciation focuses on first-year depreciation, where a business can deduct a […]
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Understanding Capital Gains A capital gain occurs when you sell an asset for more than you paid for it. In recent years, many investors have realized significant capital gains from stock market investments. These gains are subject to capital gains taxes, which can significantly impact your overall tax liability. How Cost Segregation Can Help Cost […]
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Understanding the Challenge A common ownership structure for commercial buildings involves separating the business operations from the real estate ownership. This structure, while often beneficial for liability reasons, can present challenges when it comes to tax implications. The primary issue arises from the passive loss rules, which limit the ability to offset passive losses (like […]
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Cost segregation is a strategic tax planning tool that allows real estate investors to accelerate depreciation deductions by reclassifying certain components of a property as personal property rather than real property. This reclassification allows for faster depreciation, resulting in increased tax deductions and improved cash flow in the early years of ownership. This is where […]
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