Internal Revenue Bulletin: 2004-86 provides factors the Service requires for a beneficial interest in a DST to qualify a replacement property for purposes of completing a 1031 tax-deferred exchange.
The Tax Cuts and Jobs Act (TCJA) created a new section of the Tax Code (26 US Code section 1400Z) that provides tax incentives for investments in targeted areas in the United States, through investment vehicles called Qualified Opportunity Zones (QOZs).
The Tax Cuts and Jobs Act (TCJA) also significantly expanded Bonus Depreciation under section 168(k) of the Internal Revenue Code. Immediate tax deduction equal to 100% of the cost of qualified improvement property is now available under TCJA. All real estate brokers and professionals should be invested in Bonus Deprecation real estate assets.