This is a preview of one of the articles in the new KROST Quarterly Real Estate Issue, titled “There are several tax incentives available to the real estate industry. Whether you invest in, build, design, or make significant renovations to real estate, a closer look at these opportunities could increase cash flow and/or reduce tax burden.” by So Sum Lee

There are several tax incentives available to the real estate industry. Whether you invest in, build, design, or make significant renovations to real estate, a closer look at these opportunities could increase cash flow and/or reduce tax burden. Most are familiar with Cost Segregation, but may reap the benefits of other unique incentives that are lesser known.

Early this year, two valuable provisions were extended by Congress through 2020: Sections §45L and §179D. While the benefits can be retroactively claimed if missed on previous tax returns, many miss out on the credit or deduction due to the temporary nature of the provisions. Each year, real estate professionals anxiously await Congress’ decision to extend these temporary incentives. Even though these extenders make it difficult for tax planners, their value is what drives real estate developers, builders, and architects to seek out the benefit year after year… Continue here »

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KROST Quarterly is a digital publication that highlights some of the hot topics in the accounting and finance industry. Volume 3, Issue 3 highlights some of the hot topics in real estate including 1031 Exchange, Cost Segregation, Opportunity Zones, Qualified Improvement Property, Delaware Statutory Trusts, and Green Building Tax Incentives.