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Housing Market Tax Planning

Ballard Spahr LLP

Tax Impact of the OBBBA: What the New Budget Law Means for Housing and Real Estate

Ballard Spahr LLP on

President Trump’s budget permanently extends numerous provisions of the Internal Revenue Code from the Tax Cuts and Jobs Act (TCJA) of 2017 scheduled to expire at the end of 2025 and includes several changes that will have...more

Akerman LLP

D.C. Government Publishes Proposed Rules on Tax Abatements for Residential Conversions

Akerman LLP on

Washington D.C.’s Office of the Deputy Mayor for Planning and Economic Development (DMPED) released its proposed rules establishing how the D.C. government will implement the Housing in Downtown Tax Abatement program. A...more

Coblentz Patch Duffy & Bass

Tax Court Upholds Amendment Clauses But Continues Attack On Floating Homesites In Conservation Easements

When the Tax Court issued its opinion in Pine Mountain Preserve, LLLP v. Commissioner of Internal Revenue, 151 T.C. 14 (December 27, 2018), the conservation community gave a collective sigh of relief because the court...more

Foodman CPAs & Advisors

Do you own a second home or a vacation home that you rent out?

Foodman CPAs & Advisors on

Rental income is reportable on a Taxpayer’s tax return. Certain expenses such as mortgage interest, real estate taxes, casualty losses, maintenance, utilities, insurance, and depreciation may be deducted from a Taxpayer’s...more

Bilzin Sumberg

Spike In Real Estate Creates Tax Planning Opportunities For South Florida Property Owners

Bilzin Sumberg on

Although it may come as a surprise to many, it is no secret that South Florida property values are on the rise. ...more

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