DECEMBER, 2017 Rental Property as a Business Yields Big Benefits If your rental property activity meets the definition of a trade or business activity, then your rentals produce the best possible tax benefits. In general, you report your rental properties on Schedule...
DECEMBER, 2017 Tax Reform and Rental Real Estate Deductions Two scary words in tax reform are “fairness” and “simplification.” In most cases, this combination raises your taxes and makes the law more complex. As you likely know, tax reform is in the air again, and it...
Cashing Out Real Estate Profits without Section 1031 Paying taxes on the sale of your real estate is voluntary. You do not need to volunteer. Whenever you can, avoid the outright taxable cash sale of investment property. To avoid taxes while you build your portfolio...
NOVEMBER, 2017 Lock Down Vehicle Deductions with a Home Office 4 NOVEMBER, 2017 Lock Down Vehicle Deductions with a Home Office The IRS gives you two possible strategies for turning otherwise personal mileage into business mileage: Going to a temporary...
NOVEMBER, 2017 Lock Down Vehicle Deductions with a Home Office 4 NOVEMBER, 2017 Lock Down Vehicle Deductions with a Home Office The IRS gives you two possible strategies for turning otherwise personal mileage into business mileage: Going to a temporary...
NOVEMBER, 2017 Lock Down Vehicle Deductions with a Home Office 4 NOVEMBER, 2017 Lock Down Vehicle Deductions with a Home Office The IRS gives you two possible strategies for turning otherwise personal mileage into business mileage: Going to a temporary...
