CPA · Raleigh, NC · Member since 2013 · 1k+ posts · 2k+ votes
Hey Folks,
April 15th is right around the corner and I constantly see the same tax questions pop up in the forums. Hopefully this thread can help serve as a running list of real estate tax questions and answers. Ideally, multiple tax pros will be providing support and answers and the question askers will read the thread in total before asking their specific question.
While the advice is meant to be helpful, the usual disclosures are in place. Specifically, any and all advice received in this thread should not be taken as tax or legal advice. I cannot provide advice that can be relied upon without having all details relating to your unique tax situation. Do not use any advice received in this thread as a basis to support your tax position.
Accountant · Bethesda, MD · Member since 2017 · 63 posts · 34 votes
8y
@Ray Johnson developers that build over 10 units in a new project in dc are required to include IZ units. They do not get breaks and frequently the only benefit they get is increased density. You unfortunately won’t get any breaks for renting an IZ unit and you’re supposed to run the rental process through DHCD. Hope that helps