WELCOME TO THE MILIKOWSKY TAX LAW BLOG
Providing actionable insights and valuable information to help you navigate the complexity of tax law for your business.
![Smiling woman analysing bills filling tax documents while at sitting on sofa at home](https://www.caltaxadviser.com/wp-content/uploads/iStock-1481875360-845x321.jpg)
Is This The End Of 1031 Like-Kind Exchanges Of Real Estate?
Obama's 2015 budget proposes a $1M cap on section 1031 like-kind exchanges of real estate.
Currently, when a capital asset is sold or exchanged, a capital gain or loss is generally recognized. Internal Revenue Code Section 1031 provides an…
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Are Your Losses From Real Estate Limited?
Information the real estate investor should know before filing a 2013 income tax return.
Owning investment property can provide many benefits and tax incentives. However, several pitfalls exist for the unwary real estate investor expecting…
![Foreclosure sign in front on modern house](https://www.caltaxadviser.com/wp-content/uploads/iStock-120749510-845x321.jpg)
Tax Consequences for Foreclosure & Short Sale
The answer will vary depending on the facts specific to the individual, loans, and real property, but in generally, a discharge of debt from a foreclosure is excluded from taxation under Internal Revenue Code §108(a)(1)(E), if the real estate…