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Additional COVID-19 Relief for the Real Estate Industry

Posted 7:15 PM by
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law earlier this year, provided multiple forms of economic relief for the real estate industry in the midst of the COVID-19 pandemic. The IRS has recently announced updates to this legislation, as well as updates to real estate-friendly legislation included in 2017’s Tax Cuts and Jobs Act (TCJA). These updates bode well for developers, owners, and managers alike and should be considered when looking for ways to maximize tax benefits.
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IRS Issues Additional Relief for Opportunity Zone Investors

Posted 5:45 PM by
The fallout of COVID-19 continues to strain the investment community, and Qualified Opportunity Zones (QOZs) are no exception. The IRS provided initial relief for the QOZ community in April, extending (for many investors) the 180-day period to invest capital gains until July 15, 2020. This week, the IRS provided additional relief for QOZ investors, Qualified Opportunity Funds, and Qualified Opportunity Zone Businesses by issuing Notice 2020-39, which further relaxes some of the timeline constraints within the QOZ program.
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New Requirements for Tracking International Affiliates and Rental Real Estate: BE-10 Report

Posted 5:45 PM by
The rules related to BE-10 filing requirements have changed this year and will require additional people (“Reporters”) to complete this informational form. Every five years, the Bureau of Economic Analysis (BEA), part of the U.S. Department of Commerce, conducts a survey to analyze the extent of U.S. persons’ direct investment abroad. Specifically, this year’s filing change relates to U.S. persons that own foreign affiliates and/or foreign rental real estate being required to file, regardless of being notified.
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New COVID-19 IRS Guidance Favorable for the Real Estate Industry

Posted 7:45 PM by
Last week, KSM presented on “Costs, Capital, and COVID-19: Resources and Strategies for the Real Estate Industry” as part of ULI Indiana’s Online Breakfast Series event. KSM is the founding sponsor of ULI Indiana and is happy to support this and other virtual programming from ULI.
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COVID-19 Resources and Strategies for the Real Estate Industry

Posted 8:42 PM by
The real estate industry entered 2020 with full momentum and high expectations. Since COVID-19 has come onto the scene, the pendulum has swung in the opposite direction. What developers, investors, and managers do now to mitigate risk and limit damages is critical.
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Christie and Royster Named Two of Indy’s Best and Brightest

Posted 9:00 PM by
Katz, Sapper & Miller’s Ashley Christie and Stephen Royster have been recognized as two of Indy’s 2020 Best and Brightest by Junior Achievement of Central Indiana. The award honors 100 of central Indiana’s outstanding young professionals, ages 40 and under across 10 different industries, who are making their mark as up-and-coming talent and the next generation of leaders in our community.
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IRS Delivers Final Opportunity Zone Regulations

Posted 6:00 PM by
On Dec. 19, 2019, the IRS released a long-awaited gift to the tax and investment communities. A robust 544-page dissertation in the form of final Qualified Opportunity Zone regulations. The proposed guidance issued prior to the release of these final regulations left many unanswered questions and produced more than a few perplexing outcomes.
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KSM to Discuss Effects of Tax Reform on Deal-Making at Multi-Family Industry Summit

Posted 1:00 PM by
Katz, Sapper & Miller’s Josh Malarsky and Katie Culp will speak at the Indiana Apartment Association’s 2019 Multifamily Industry Summit. Taking place Nov. 19 in Indianapolis, the annual summit is a can’t-miss opportunity for multi-family real estate executives, developers, regional level staff, and management to hear about trends and developments in the marketplace from local and national experts.
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QOZs and Multi-Asset Funds: Tread Carefully

Posted 6:15 PM by
The many investors already leveraging the recently created Qualified Opportunity Zone program are continually asking whether a Qualified Opportunity Fund (QOF) should hold a single asset or, in the interest of diversification and economies, multiple assets. With the benefits of a single capital raise, a single fund is enticing – and it may bring less uncertainty to the table.
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Q&A with Chad Halstead, an Opportunity Zone Adviser

Posted 5:15 PM by
For the past 12 years, Chad Halstead, 39, has helped land government incentives for some of the area’s biggest real estate developments. As part of his work, he’s also brushed up on the updated tax code and taken the lead on local projects using Opportunity Zones.
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