Proposition 19. What it means to you.

Posted on December 29, 2020January 5, 2021 by Liz Prehn Posted in Real Estate Law

In November 2020, voters approved Proposition 19 (Prop 19) in California and contained two relevant California property tax changes that may impact your estate planning and ownership of real estate. Lost a home in a natural disaster? Transfer your tax assessment to a new home beginning April 1, 2021 Proposition...

The Lost Art of Tracking Home Improvements

Posted on December 22, 2020January 5, 2021 by Liz Prehn Posted in Real Estate Law

Proper record retention to maximize tax savings One of the more popular provisions in the federal tax code is the $250,000 capital gains exclusion ($500,000 for a married couple) of any profit made when selling your residence. But what happens if you rent out your home? What if you cannot...

Estate Planning Benefits of Conservation Easements

Posted on March 13, 2020February 28, 2020 by Raquel Lazar-Paley Posted in Estate Planning & Taxation, Real Estate Law, Tax Planning & Compliance

Previous Posts in this Series Conservation Easements Income Tax Benefits of Donating Conservation Easements Sales and Like Kind Exchanges of Conservation Easements One of the biggest advantages of donating a conservation easement is that it can significantly reduce your estate tax burden and keep land in the family. Reducing estate...

Sales and Like Kind Exchanges of Conservation Easements

Posted on February 28, 2020March 26, 2020 by Raquel Lazar-Paley Posted in Real Estate Law, Tax Planning & Compliance

Previous Posts in this Series Conservation Easements Income Tax Benefits of Donating Conservation Easements In our previous posts on conservation easements, we discussed how a real property owner can donate a conservation easement to their land and retain rights to the rest of their property, all while reducing their tax...

Income Tax Benefits of Donating Conservation Easements

Posted on February 13, 2020April 19, 2021 by Raquel Lazar-Paley Posted in Tax Planning & Compliance, Real Estate Law

Previous Posts in this Series Conservation Easements An owner of a significant piece of land or a building can give up one or more of their rights in that property for conservation purposes, while still retaining the rest of their rights. Giving up a right in property (land or buildings)...

Conservation Easements

Posted on January 30, 2020January 24, 2020 by Raquel Lazar-Paley Posted in Real Estate Law, Tax Planning & Compliance

The protagonist of the film The Descendants is the trustee of a family trust that since the 1860s has owned a 25,000-acre parcel of pristine Hawai’ian land on Kauai Island. The land is the last remaining asset of a family legacy, the proceeds of which have been distributed – and...

Moskowitz LLP Offers Three Free Tax Seminars This October in the San Francisco Area

Posted on September 26, 2019January 8, 2020 by moskowitz Posted in Business Law, Estate Planning & Taxation, Real Estate Law, State & Local Taxation, Tax Planning & Compliance, Tax Services

Moskowitz LLP is going to be hosting three free seminars this October! Participants will learn vital tax lessons from the Moskowitz team, drawing from their 30 years of experience helping domestic and international clients with tax challenges. You will learn: How to pay tax on only 80% of your profit,...

Tax Court rules that dentist also qualifies as real estate professional

Posted on June 29, 2018August 31, 2021 by moskowitz Posted in Real Estate Law

In our recent post on the Windham v. Commissioner case, we described how a stockbroker who worked only a few hours a day at Wells Fargo was able to qualify as a real estate professional due to the extensive time she spent managing her numerous properties. The Tax Court was...

Advanced 1031 Exchange Techniques

Posted on May 18, 2018February 13, 2019 by Liz Prehn Posted in Real Estate Law

A common misconception about 1031 exchanges is that they can only be conducted in one manner – a sale and then a purchase through a third party facilitator. In fact, 1031 exchanges have evolved to include numerous tax strategies and structures. Here are a few of the many ways to...

1031 Exchange Tax Audits

Posted on May 16, 2018February 13, 2019 by Liz Prehn Posted in Real Estate Law, Tax Planning & Compliance, Tax: Audits, Litigation & Collection

1031 exchanges are among the most closely scrutinized tax issues for auditors – they are widely used and frequently misused, with many investors running afoul of the rules. In this blog post, we will outline the main reasons for most 1031 audits, and what to look out for under the...

Category: Real Estate Law

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