How to Pick A Delaware Statutory Trust Broker

How to Pick A Delaware Statutory Trust Broker

Delaware Statutory Trusts (DSTs) are sophisticated investment vehicles that allow individual investors to purchase fractional shares of the types of real estate often owned by real estate investment trusts, pension funds, and institutional investment firms.

Jan 23, 2024

Can You Rent an Investment Property to a Family Member?

Can You Rent an Investment Property to a Family Member

Acquiring real estate for investment purposes can generate a multitude of benefits. One potential advantage involves the available deductions, including expenses and depreciation.

Jan 22, 2024

Can You Claim a Section 179 Deduction on Rental Property?

Can You Claim a Section 179 Deduction on Rental Property?

Internal Revenue Code Section 179 allows business owners to use a tax deduction for certain depreciable purchases that they would otherwise capitalize on. This IRC provision enables the business owner to take the entire deduction in the year they purchased the items instead of depreciating the cost over the longer term. The provision applies to specific assets such as equipment, vehicles, and software and is intended to provide an incentive for small businesses to expand their operations by purchasing new equipment.

Jan 21, 2024

Are Refinance Closing Costs Tax Deductible on Rental Property?

Are Refinance Closing Costs Tax Deductible on Rental Property?

Among the attributes of real estate investing that appeal to investors are the tax advantages that investors can use. First, the investor can deduct the costs of owning, maintaining, and operating rental property. The ability helps to reduce the taxes you pay on income from rental property. Deductible expenses include mortgage interest, property taxes, maintenance and repairs (not improvements), marketing, and similar items.

Jan 20, 2024

Can A Spouse Override A Beneficiary?

Can A Spouse Override A Beneficiary?

Estate planning can be complex, partly because the process can be rife with misunderstandings and assumptions. Such issues can range from what exactly is tax exempt to who exactly receives disbursements or assets.

Jan 19, 2024

Can You Depreciate DST Interest?

Can You Depreciate DST Interest?

Investing in real estate typically involves not just income and expenses but also navigating the tax implications on the value of the investment. Therefore, an investor may choose a Delaware Statutory Trust (DST) to pursue potential gains, the passive nature of ownership and income, and the tax advantages.

Jan 18, 2024

Do You Pay Medicare Tax on Retirement Income?

Do You Pay Medicare Tax on Retirement Income?

Whether you work for another company or are self-employed, you pay taxes. This is true regarding the Medicare tax, a percentage of gross income that employees, employers, and the self-employed must pay to fund Medicare.

Jan 17, 2024

Does a General Power of Attorney Cover Medical Decisions?

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If you’ve taken the time to consider estate planning, you’ve likely run across the concept of power of attorney. A power of attorney (POA) can be helpful in an incapacity strategy. It can also provide transparency in business or financial matters.

Jan 16, 2024

Partial 1031 Exchange Rules You Need to Consider

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When performed successfully, the 1031 exchange process can help you trade your real estate property into another one of greater or equal value and allow you to potentially defer capital gains and depreciation recapture taxes.

Jan 15, 2024

What 1031 Exchange Expenses are Added to Basis?

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When it comes time to sell real estate you might use for business or investment, you could defer capital gain and depreciation recapture taxes with help from 26 U.S. Code § 1031 – “Exchange of Real Property Held for Productive Use or Investment.” When you follow the IRS rules for a 1031 exchange, you “swap” real estate you currently own (relinquished property) into different real estate (replacement property).

Jan 14, 2024

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