#real-estate
Real estate accounting, property tracking, and investment management
TIC interests are deeded real estate, not partnership shares — so they can qualify for Section 1031 deferral if the co-ownership meets IRS ruling conditions.
Your CAM bill is your pro rata share of common-area costs — check the GLA denominator, enforce exclusions and caps, and object before the deadline.
Section 1061 grants carried interest long-term rates only when assets are held over 3 years; otherwise the manager's profit share is taxed as ordinary income.
Real estate teams typically split post-brokerage commissions 50/50 — but referral fees, brokerage cuts, and overhead decide what the leader keeps.
Section 121 excludes home-sale gain up to $250,000/$500,000, but post-1997 home-office depreciation is carved out and taxed up to 25%.
Section 280A(g) excludes rent for 14 or fewer home-rental days — but the business deduction needs fair market rent, a business purpose, and a paper trail.
Cash, debt relief, or non-like-kind property in a 1031 exchange is taxable boot up to your gain — and cash offsets mortgage boot, never the reverse.
Residential rentals depreciate over 27.5 years, commercial over 39 — claim the IRS straight-line deduction yearly, then plan for 25% recapture at sale.
A triple-net lease adds property taxes, insurance, and CAM charges to base rent. Learn how pro rata shares, caps, and the annual true-up work before you sign.
Depreciation shrinks the QBI behind your 20% Section 199A deduction, then returns as up to 25% recapture at sale — time both against your holding period.
Trinidad and Tobago taxes landlords 2.5–3.5% of gross quarterly rent: BIR registration, quarterly deadlines, penalties, and the annual income-tax credit.
A forfeited deposit on business property is usually a deductible loss — capital or ordinary — while the IRS bars any deduction on a personal home.
