The Zehner Hill Blog

Cost Segregation Gets a Boost from the OBBB

August 15, 2025

Combine it with 100% Bonus Depreciation for massive up-front tax savings

We are doing our best to bring you timely and accurate updates on all aspects of the new law as the IRS reviews the legislation and drafts rules and regulations for taxpayers to follow. Until that is done, though, we have only the verbiage in the legislation itself to use as a guide. We can, however, get pretty close and at least provide you with enough information to seek counsel from your financial advisors on how the various aspects of the law might affect you. We would rather get everything to you as quickly as possible and risk being slightly off target, so you are ready to take action as soon as there’s a clear set of rules to follow.

100% Bonus Depreciation Is Back for Commercial Real Estate

July 29, 2025

This key component of the One Big Beautiful Bill (OBBB) is a game changer for commercial real estate

July 4^th turned out to be more than the usual celebration of our nation’s independence. It also ushered in the resetting and expansion of key tax rules that will directly benefit commercial property owners and tenants. The so-called One Big Beautiful Bill (OBBB) was signed into law on Independence Day through the use of a process called Reconciliation, which allows legislation to pass in the US Senate with a simple majority vote. The bill passed on partisan lines, as expected, but is nonetheless now the law of the land.

Why Exit Planning Matters in Co-Owned Industrial Real Estate

July 11, 2025

What to consider when you and your partners have to go separate ways

Last week, we began our multi-part series on the importance of planning for the disposition of commercial real estate properties acquired by multiple, non-family investors. These can include owner/user properties, such as industrial real estate assets, where business partners acquire a building as a home for their business, as well as third-party investor groups who pool their capital to acquire income producing property.

Preparation is the Key to Optimizing Your Disposition Strategy

June 17, 2025

How to make sure you keep your options open

Many of you have acquired commercial property with others through the years. Some of you have acquired a building with your business partners to serve as a home for your operation, while others have collaborated with like-minded investors to scoop up income properties for passive income, value appreciation and portfolio diversification. Either way, if you have collaborated to acquire commercial property, you need to make sure that you and your partners have built in the flexibility to go your separate ways when the time comes, as there are significant tax and estate consequences to prepare for. In this post, we take a look at ownership structure and title vesting to get you thinking about optimizing your exit alternatives just in case life gets in the way and calls on you to take action.

The Ol’ 1031 Exchange into the Dream Home Trick

May 28, 2025

Just follow the Safe Harbor Guidelines to convert the equity in your building into your Home Sweet Home

For those who’ve been around for a while, this headline might remind you of Maxwell Smart delivering one of his classic lines from the 1960s series, Get Smart. Hilarious humor from the minds of Buck Henry and Mel Brooks that is just as funny today as it was then. But, unlike that comedy series, our headline is not a joke. In fact, it refers to a little known IRS regulation that allows you to exchange your highly appreciated industrial building into your retirement dream home, fully tax-deferred.