I have a 1 FAMILY RENTAL property that I have been renting out for 2 years.My cost basis for the property is 500k. I would like to do substantial improvement to the property by building additionand increasing square ...

I'm confused by the general summaries I've researched in regards to the timeframe of when you must improve the structure value of a property within an EOZ
The IRS website say
"A46. Property is substantially improve...

Everyone has heard about the potential tax benefit of Opportunity Zones, but has anyone noticed the even greater potential when combined with bonus depreciation. Our tax counsel pointed this out to me, and I was wonde...

Hi I have done some research but I still need come clarifications on the Opportunity Zone Fund.If I use OZF to buy a OZ property, do I also need to meet the requirement of substantial improvement in order to qualify f...

So...
can I take a qualified capital gain and create my own opportunity zone fund , then inlist a turnkey operation to sell me a house in an opportunity zone the charge me for the rehab after the sale and cover the b...

I have been doing my own research on this subject and haven't found the clear answer or at least one I like. I have a call into a friend who is a Tax Atty/CPA as well but thought I would throw it out to the community....

Investments in Opportunity Zones can offer great tax benefits, but when combined with a cost segregation study, the benefits can multiply.
An Opportunity Zone are areas that struggle with poverty and lack the necessa...

Hello everyone,
My question is about the pros and cons of investing in an opportunity zones. Could someone sprinkle a little bit on this topic?
Thank you so much in advance.

What is the typical ARV reduction on a property if is in a floodplain? I'm looking at a property, that would have an ARV of approximately $210,000 if not in flood plain. Looking at two options either keeping it as a...

I have a client that bought a primary home for $100K in 1989 and the home is now worth $1 Mil.  They have divorced in that time period and own the house solely now.  They have put about $50K worth of improvements into...