Selling rental property, commercial real estate, or business assets? Understanding Section 1231 before the sale closes can create significant tax savings and help you avoid costly tax surprises. Learn how gains, losses, depreciation recapture, and the five year lookback rule affect your tax bill.

Many business owners keep their building after selling the operating business. A recent IRS ruling explains how rental income can create unexpected risks for certain S corporations and what business owners should consider before making a major business transition.

A recent Tax Court case shows why real estate professional status depends on documentation, qualifying work, and proper planning before rental losses are claimed.