The federal government can amend the Internal Revenue Code with a single vote cycle. States cannot. Even when a state “conforms” to federal law, that conformity is mediated through state-specific rules, budget pressures, administrative capacity, and—most importantly—legislative calendars. That mismatch is the practical problem created by the One Big Beautiful Bill Act (OBBBA) . The OBBBA made sweeping federal changes, including extending and amending provisions affecting busi

Capitalism is an economic system defined by private ownership of production and market-driven exchange. It has become the dominant model...

Comprehensive Guide: Depreciating a DST in 1031 Exchanges When replacing property through a 1031 exchange and choosing a Delaware...

One of the most powerful tools available to real estate investors is depreciation—a non-cash deduction that shelters rental income from...