Tax Friendly Provisions for Rental Property Owners

Tax Friendly Provisions for Rental Property Owners

March 27, 2024 A case study in leveraging Section 1033 and 1031 Recently, a residential rental property owned by one of our clients was destroyed by fire. The house was a total loss. The tax basis in the house was $150,000, and our client will receive insurance...
New Operating Burdens for Private Fund Managers

New Operating Burdens for Private Fund Managers

September 28, 2023 Reporting requirements and restrictions are coming into effect The Securities and Exchange Commission (“SEC”) has adopted new rules for private fund advisors under the Investment Advisers Act of 1940 (the “Act”). These rules enhance reporting...