Real Estate Taxation: A Practitioner's Guide |
From inside the book
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Page 18
... land for $ 500,000 and incurs $ 50,000 in expenses directly related to the acquisition . The Buyer's basis for the land and building is $ 550,000 , and this must be allocated between the nondepreciable land and the depreciable building ...
... land for $ 500,000 and incurs $ 50,000 in expenses directly related to the acquisition . The Buyer's basis for the land and building is $ 550,000 , and this must be allocated between the nondepreciable land and the depreciable building ...
Page 20
... land improvements and personal property . As with the allocation between land and buildings , these allocations should also be based on relative fair market values , with independent appraisals and costs analyses serving as the best ...
... land improvements and personal property . As with the allocation between land and buildings , these allocations should also be based on relative fair market values , with independent appraisals and costs analyses serving as the best ...
Page 103
... Land Vacant land presents special problems in connection with the investment interest limitation . If land is acquired for investment , then interest on mortgages on that land would be investment interest deductible only to the extent ...
... Land Vacant land presents special problems in connection with the investment interest limitation . If land is acquired for investment , then interest on mortgages on that land would be investment interest deductible only to the extent ...
Contents
THE ACQUISITION TRANSACTION | 5 |
FORM OF OWNERSHIP | 39 |
FINANCING REAL ESTATE | 81 |
Copyright | |
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Common terms and phrases
accrual acquired adjusted basis allocated alternative minimum tax amortization amount realized assets building buyer capital gain cash method CCH Dec Code Sec computing construction corporation Court debt depreciation deductions determined discussed election entity Example exchange expenses fair market value financing gain or loss gift gift tax gross income held improvements incurred individual installment obligation investment land lease acquisition costs lessee lessor liability like-kind limited partnership loan loss rules low-income housing ment Mid-Month Convention mortgage nonrecourse ordinary income owner ownership paid partner passive activity loss passive income payments percent placed in service portion purchase price qualified real estate real property tax recapture received recovery period rehabilitation rent residence S.Ct sale-leaseback seller shareholders sold spouse T.C. Memo tax purposes tax-exempt taxable income Temp tenant term tion trade or business transaction transfer treated USTC