Blog - ELB Consulting

What is Component Level Depreciation?

Confused about what you can expense versus what you can capitalize on? The Tax Cuts Jobs Act (TCJA) has done a lot to benefit commercial real estate owners and investors. Most notably in the changes to the depreciation schedule to allow for 100% Bonus Depreciation on...

WHAT ARE RESEARCH TAX CREDITS?

The research tax credit is a federal tax incentive for private companies to develop new methods of doing business or improve upon their existing products & processes. The R&D Tax Credit helps offset the wages and costs associated with ongoing research & development. Step one is finding out which activities qualify and step two is identifying the cost associated with those activities.

WHAT ARE 1031 EXCHANGES?

1031 exchanges allow you to transfer profits from one investment property to another without paying capital gains tax. This lets you grow your portfolio and increase your passive income with a huge tax break.

WHAT IS SECTION 1245?

1031 exchanges allow you to transfer profits from one investment property to another without paying capital gains tax. This lets you grow your portfolio and increase your passive income with a huge tax break.

WHAT IS SECTION 179D?

Section 179D is an energy tax deduction provided by the government for commercial buildings. In order to qualify, you must first qualify as a commercial building under the statute.