depreciable real estate

depreciable real estate

Property capable of supporting depreciation deductions.As a general rule of thumb,improvements may be depreciated but land may not.Land may be depleted,however,if minerals are extracted.

References in periodicals archive ?
presumably in the case of depreciable real estate, an increase in income tax basis--on death, absent further planning.
Estate and Related Planning for Real Estate Developers under the TCJA
We determine FFO in accordance with the standards established by the National Association of Real Estate Investment Trusts ("NAREIT"), as net income attributable to common stockholders (computed in accordance with GAAP), excluding real estate-related depreciation and amortization, impairment losses on depreciable real estate, gains or losses on the sales of depreciable real estate, and after adjustments for unconsolidated ventures.
Owens Realty Mortgage, Inc. Reports First Quarter 2016 Financial Results
NAA/NMHC have urged such an approach to preserve "stepped up" basis, which is critical for heirs of depreciable real estate.
Senators and staffers briefed on apartment market
In it's third quarter report, Reckson reported net income of $9.3 million, or diluted earnings per share (EPS) of $0.11 for the third quarter of 2006 including $2.1 million charge for the aforementioned compensation plan, as compared to $113.6 million, including $96.4 million related to gains on sales of depreciable real estate, or diluted EPS of $1.37 for the third quarter of 2005.
Reckson Associates 'not surprised' by dip in FFO
The boxed example illustrates the outcomes of a sale of depreciable real estate under current law and two additional circumstances--the Bush proposal and under a higher ordinary income tax rate.
Whither capital gains? The bush administration proposes a new method of computing recapture
No election is needed to avoid two computations for MACRS 27.5-year real property (residential rental property) or MACKS 39-year real property (i.e., most other depreciable real estate).
Avoiding the AMT depreciation adjustment
Assume Z contributes depreciable real estate to the XYZ partnership in exchange for a one-third interest in partnership capital, profits and losses.
Small business tax solutions
The news system assigns depreciable lives of 3 years for most vehicles, 5 years for most equipment, 10 years for certain public utility property, and 15 years for most depreciable real estate and some long-lived public utility property.
Impact of recent tax law changes
This is essentially depreciation recapture realized on the sale of depreciable real estate; however, an individual with an ordinary income tax rate below this special rate would only pay the ordinary rate.
First Look at the Tax Cuts and Jobs Act of 2017: Impact on Investors
Reckson reported net income allocable to common shareholders of $113.6 million, including $96.4 million related to gains on sales of depreciable real estate, or diluted earnings per share (EPS) of $1.37 for the third quarter of 2005, as compared to $8.8 million, including $2.2 million related to gains on sales of depreciable real estate and the aforementioned $6.7 million accounting charge, or diluted EPS of $0.13 for the third quarter of 2004.
Reckson numbers pack punch
* Treatment of impact fees and similar costs incurred during the development and construction of depreciable real estate (Rev.
Successful IIR pilot program becomes permanent
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