OLYMPIC VALLEY, CA—During the Navigating Real Estate Tax 101 Guide session at the GlobeSt Women of Influence conference held at the Everline Resort and Spa in Olympic Valley, CA, Kelly Smith, Partner at Bennett Thrasher LLP, and Jenna Walker, Tax Partner at Bennett Thrasher LLP, provided a comprehensive overview of key considerations for achieving tax efficiency and compliance in commercial real estate.
They highlighted various tax deferral strategies, emphasizing the importance of planning for potential capital gains taxes. Discussions centered on 1031 exchanges and opportunity zone funds, noting the latter's requirement to hold investments for 10 years to potentially exclude gains. Despite slower adoption than anticipated, opportunity zones remain a viable option for communities needing development, provided investors can navigate the commitment effectively.
Cost segregation and bonus depreciation were also featured as effective deferral strategies. Panelists explored nuanced alternatives such as land lifts and debt finance distributions, which they touted as yielding better returns compared to traditional 1031 exchanges.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
