Which States Do Not Have an Estate Tax?
When someone passes away, their assets might be transferred to beneficiaries. If over a certain amount, the transferred assets can be subject to a federal inheritance tax. And, sometimes, can incur an estate tax at the state level.
What is an Operating Expense Ratio (OER)?
Operating Expense Ratio (OER) is a financial metric used to evaluate the operational efficiency of a business. It measures the proportion of operating expenses incurred by a company in relation to its revenue.
How Much Capital Loss Can You Deduct?
An important part of selling assets involves how much you might gain or lose as a result. Many Realized blogs discuss capital gains (and resulting capital gains taxes) in great detail.
What Does Adjusted Basis Mean on Form 8824?
The adjusted basis of an investment property is the basis after subtracting expenses and adding improvement-related costs. Form 8824 is used to file like-kind exchanges. The basis is a requirement for form 8824. The basis of an investment property is a little different than the basis used for properties in a 1031 exchange. In this article, we’ll look at what a basis means for form 8824.
What is a Related Party Exchange?
As we’ve mentioned in numerous blogs, 1031 exchanges come with many rules and regulations. These include in-stone deadlines, the value of relinquished and replacement properties, and eligible properties.
What Is An Example of a Net Lease?
Net leases generally are for single-tenant properties. They are often associated with office buildings, warehouses, and retail spaces. Retail properties probably utilize net leases more than any other category. These include fast food restaurants, convenience stores, gas stations, and big box stores.
What is an Installment Sales Trust (IST)?
Are you tired of paying taxes on gains that haven't even hit your bank account yet? Because of the Tax Reform Act of 1986, a new concept called "installment sales reporting" required taxpayers to report the entire gain from the sale of assets in the year of sale, even if they haven't received full payment for the assets.
What is Effective Interest Rate?
The effective interest rate (EIR) is what you might call the practical rate or the rate that you'll pay on borrowed money. A bank or auto loan lender might quote different types of interest rates. But only the effective interest rate really matters to your wallet and helps you make an informed decision about purchases (when purchasing with a loan). It also provides an easy method for comparing different loan rates.
Is Money Received From an Eminent Domain Taxable?
One bright, sunny day you might hear a knock on the door. When you answer it, the local mail man hands you a certified letter, requiring your signature. You sign, take the letter and rip it open.
What Happens if I Don't Report Capital Gains?
To address the question of what can happen if a taxpayer fails to report capital gains, it will help if we start by clarifying the terminology. A capital gain is the difference between what you pay to acquire something (an asset) and what you sell it for. Assets can be tangible, like stocks, gold, and property, or intangible, like copyrights or patents.
