Real Estate Insights

Going Green for the Green: Federal Tax Incentives for Energy Efficient Building

Going Green for the Green: Federal Tax Incentives for Energy Efficient Building

May 11, 2021

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.” … Read More

Qualified Improvement Property (QIP) Technical Correction and Bonus Depreciation

Qualified Improvement Property (QIP) Technical Correction and Bonus Depreciation

March 16, 2021

This is a preview of one of the articles in the new KROST Quarterly Real Estate Issue, titled “Qualified Improvement Property (QIP) Technical Correction and Bonus Depreciation” by Elvira Frencillo and So Sum Lee The coronavirus has turned the world upside down. It has cost so many lives and caused agony to individuals and businesses. To … Read More

The Latest COVID-Relief Package – Time to go Green

The Latest COVID-Relief Package – Time to go Green

January 27, 2021

On December 27, 2020, Congress passed a $900 billion COVID-relief package, along with a $1.4 trillion spending package, that funds the government for the 2021 fiscal year. The spending bill includes several tax extenders; Section 45L tax credit for multifamily and residential developers, 179D tax deduction for commercial and government buildings, as well as 25C … Read More

Real Estate Business Provision and Initiatives Included in Bipartisan COVID-19 Agreement

Real Estate Business Provision and Initiatives Included in Bipartisan COVID-19 Agreement

January 25, 2021

Congress introduced the Bipartisan economic relief package on December 20, 2020. This relief bill provides stimulus to individuals and businesses. As an industry impacted by the pandemic, real estate businesses can benefit from several key tax provisions in the package. We have outlined these opportunities below. Business Meals Deduction Currently, the deductibility of business meals … Read More

Eleventh-Hour Pandemic Relief – What a Homeowner Should Know

Eleventh-Hour Pandemic Relief – What a Homeowner Should Know

January 14, 2021

The Consolidated Appropriations Act (the “Act”) passed by Congress and signed by the President on December 27, 2020, outlined several provisions to help individuals through this extended time of financial uncertainty. Most of these provisions are included in the Additional Coronavirus Response and Relief (“ACRR”) and the Taxpayer Certainty and Disaster Tax Relief Act of … Read More

Real Estate Related COVID Relief Under the Consolidated Appropriations Act (CAA)

Real Estate Related COVID Relief Under the Consolidated Appropriations Act (CAA)

January 14, 2021

The Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the Economic Aid Act) as part of the Consolidated Appropriations Act, 2021 (the 2021 CAA) was signed into law on December 27, 2020. The CCA is a $2.3 trillion package that provides additional funding to the PPP program and includes several key provisions that … Read More

California Proposition 19: Tax Changes

California Proposition 19: Tax Changes

December 1, 2020

California Proposition 19 passed with just over 51% of the vote in the general election on November 3rd and is expected to become law. This new law has two separate effective dates: February 16, 2021 – For beneficiaries of real estate that use the property as a primary residence. April 1, 2021 – For transferring … Read More

KROST Quarterly Magazine: The Real Estate Issue is Now Available!

KROST Quarterly Magazine: The Real Estate Issue is Now Available!

October 26, 2020

We are happy to announce the release of our newest quarterly magazine! The Real Estate Issue 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. What You’ll Find Inside this Issue: Challenges Facing the Real Estate Industry … Read More

Real Estate Industry Update: Mortgage Rates Remain Low

Real Estate Industry Update: Mortgage Rates Remain Low

March 25, 2020

Amid all of the chaos of the last two weeks and the severe impact COVID-19 has had on many businesses and individuals, one bright spot is shining through: mortgage rates are low. Thanks to the Federal Reserve dropping the federal funds rate to 0% in response to the coronavirus pandemic, refinancing now may be a … Read More

Having Trouble Paying Your Mortgage Due to COVID-19?

Having Trouble Paying Your Mortgage Due to COVID-19?

March 25, 2020

Good news. President Trump announced last week that the Department of Housing and Urban Development would suspend all “foreclosures and evictions” through the end of April, but only those with an FHA-insured mortgage are eligible. In addition, many lenders are offering relief options to their borrowers, including forbearance options (up to 12 months), waived fees, … Read More

Real Estate Market Update – January 2020

Real Estate Market Update – January 2020

January 24, 2020

Presented by Philip Clark, CFP®, January 2020 As 2019 ended, home loans were cheaper than they were at the start of the year. Looking at Freddie Mac’s Primary Mortgage Market Survey, the average interest rate on a 30-year, fixed-rate mortgage was 3.74% on December 26, which was up from 3.68% a month earlier, but well … Read More

The Rehabilitation Tax Credit: What Historic Building Owners Should Know

The Rehabilitation Tax Credit: What Historic Building Owners Should Know

August 15, 2019

The Historic Tax Credit (HTC) program, also known as the Rehabilitation Tax Credit, encourages individuals and business to invest in the rehabilitation of historic buildings. The tax reform legislation passed in December of 2017 allows these building owners to claim 20 percent of eligible improvement expenses against their federal tax liability. It is an incentive … Read More

Client Spotlight: Mamal Moinpour

Client Spotlight: Mamal Moinpour

February 20, 2019

Below is a preview of one of the articles in the new KROST QUARTERLY Real Estate Issue, titled Client Spotlight: Mamal Moinpour by Jonathan Louie, CPA. Recently, we had the opportunity to interview one of our tax clients, Mamal Moinpour, who owns real estate in the Greater Los Angeles and across the U.S. He is … Read More

Investor Alert: If You Have Not Heard of DSTs, Time to Take a Look

Investor Alert: If You Have Not Heard of DSTs, Time to Take a Look

February 13, 2019

Below is a preview of one of the articles in the new KROST QUARTERLY Real Estate Issue, titled “Investor Alert: If You Have Not Heard of DSTs, Time to Take a Look” by Jonathan Louie, CPA. In Los Angeles, from September 2007 to May of 2009, the cost of real estate declined by 60%, driving … Read More

Can OZ Work for You? Accounting for Qualified Opportunity Zone Funds

Can OZ Work for You? Accounting for Qualified Opportunity Zone Funds

January 28, 2019

Below is a preview of one of the articles in the new KROST QUARTERLY Real Estate Issue, titled “Can OZ Work for You?” by Keith Hamasaki, CPA If you’ve ever wanted to help revitalize an economically distressed community but couldn’t justify it economically to generate enough capital from investors, then the new Opportunity Zone Program … Read More

The Impact of TCJA on Cost Segregation & Like-Kind Exchange

The Impact of TCJA on Cost Segregation & Like-Kind Exchange

January 17, 2019

Below is a preview of one of the articles in the new KROST QUARTERLY Real Estate Issue, titled “The Impact of TCJA on Cost Segregation & Like-Kind Exchange” by So Sum Lee, CPA: Like-kind exchange has been a popular tax deferral tool for decades. Under IRC 1031, a taxpayer can defer tax on gain from … Read More

KROST Quarterly: The Real Estate Issue Is Now Available!

KROST Quarterly: The Real Estate Issue Is Now Available!

January 9, 2019

We are happy to announce the release of our third quarterly magazine! The Real Estate Issue highlights some of the hot topics in real estate including Opportunity Zones, Delaware Statutory Trusts, Cost Segregation, 1031 Exchange, Green Building Tax Incentives, and Qualified Improvement Property. What You’ll Find Inside this Issue: The Impact of TCJA on Cost … Read More