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Tax Deduction Consulting: Commercial Real Estate Morgantown WV

The government promotes real estate ownership through tax deductions and incentives. This article focuses on the commercial real estate tax deduction.

Edwin Landis
60 West Street Suite 404
Annapolis, MD
Company
Title: Financial Consultant
Company: Landis Financial Services
Type
Investment Advisor Rep: Yes
Education
Michigan State University/ BA
Service
401k Rollover From Employer,Income for Life/ Preserve Principal,Life Insurance,Investment & Portfolio Management,Investment Consulting & Allocation Design,Business Succession & Liquidation Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Hourly Financial Planning Engagements,Stock Market Alternative,Medicaid,Retirement Planning,Long-Term Health Care Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,Ind

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Tax Tech
(304) 296-1040
990 Fairmont Rd Ste C
Morgantown, WV

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Liberty Tax Service
(866) 871-1040
911 Country Club Rd
Fairmont, WV

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H&R Block
(724) 966-9227
211 S VINE ST
CARMICHAELS, PA

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H&R Block
(304) 265-2662
12 BLUE Ave
GRAFTON, WV

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Liberty Tax Service
(866) 871-1040
827 Fairmont Rd
Morgantown, WV

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Liberty Tax Service
(866) 871-1040
735 Chestnut Ridge Rd
Morgantown, WV

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H&R Block
(304) 366-3728
32 TYGART VALLEY MALL
WHITE HALL, WV

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Liberty Tax Service
(866) 871-1040
103 N Pike St
Grafton, WV

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Jackson Hewitt
(724) 438-1319
38 North Gallatin Avenue
Uniontown, PA

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Tax Deduction Consulting: Commercial Real Estate

Commercial Real Estate Tax Deduction

The government promotes real estate ownership through tax deductions and incentives. This article focuses on the commercial real estate tax deduction.

If you are an owner of commercial real estate, deductions are coming your way. For individuals with investment and business properties, ownership can offer special tax deductions. If you choose your investment wisely, these incentives can be punctuated and enhanced. Most deductions come from those buildings in less affluent areas, and construction that enhances energy efficiency. Making the most of your commercial real estate in deductions is key to a hefty tax return for owners.

For any energy saving adjustments you make to your piece of real estate, you will see a significant deduction. Under the Energy Policy Act of 2005, property owners are subject to $1.80 of deduction per square foot. Every square foot that was enhanced for energy saving purposes is included. Such efficiencies include solar heating, sunroofs for lighting and even insulation advances. In order for these improvements to be included, there must be a fifty percent energy savings as a result of the work done.

If you choose to rebuild an old piece of property, you too will see deductions. If the building in question was built before 1936 or is a certified Historic Structure, you are in luck. As the owner of the building, it is assumed that you will be making upgrades to the property. If you renovate, restore or rebuild the building, you are entitled to ten to twenty percent credit of the expenditures. In addition, if you run a business that assists the economically challenged, there are several deductions your real estate property will be eligible for.

If your building meets requirements set forth by the Americans With Disabilities Act, you may also have deduction possibilities. After meeting certain requirements, such as a staff of less than thirty individuals, you are eligible for up to fifty percen...

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