If You Received Carried Interests, Profits Interest or a Promote – You Are Subject to a 3-Year Holding Rule

At a glance The main takeaway: The new regulations under Section 1061 impose a three-year hold on carried interests (also referred to as profits interest and promote), from one year, to qualify for long-term gains treatment for tax years beginning after December 31, 2017. Impact on your business: The modifications to Section 1061 will greatly impact taxpayers…

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1031 Exchanges –Navigating Related Party Exchanges

At a glance: The main takeaway: With careful tax planning, 1031 exchanges offer taxpayers an opportunity for big savings on income taxes. Know the risks: Few good things ever come easy, and 1031 exchanges are no different. One of the biggest risks is structuring a transaction with a related party. Next Steps: Taxpayers can often mitigate the risks…

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Industrial Real Estate Braces for Effects of Steel Tariffs

The industrial real estate sector is bracing for the impact of recent steel tariffs on two fronts. Industrial manufacturers could see their bottom line shifting as the cost of production increases. And industrial/distribution facility construction costs could rise with the price of raw materials. “Pricing has gone up significantly just with the threat of tariffs,”…

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