Real Estate

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Selling a Primary Residence

The sale of a principal residence is generally not a taxable event, unless the taxpayer: Has a gain and does not qualify to exclude it all Has a gain and elects not to exclude it Received a Form 1099-S for the sale Typically, a single taxpayer can exclude from their…

September 30, 2019

The Land of Opportunity Zones

Opportunity Zones are a new tax incentive coming from the Tax Cuts and Jobs Act (TCJA).  These zones were created with the intent to connect private investment capital to economically distressed communities.  Designated opportunity zones have been assigned in South Dakota, with an opportunity zone residing right in downtown…

October 2, 2018