Nov 22 How to Ruin a Like-Kind Exchange
I had a taxpayer call me about the sale of a rental property. Here's the big mistake he made that cost him big $$$ because it couldn't be structured as a 1031 exchange....
Oct 06 Can Real Estate Professionals Pay No Income Taxes (a la Donald Trump)?
This post shares an accountant's view on how Donald Trump may have carried those tax losses forward legally - and how the same strategy can be used by real estate professionals....
Aug 31 How to Defer Taxes on Capital Gains
This post covers how you can defer taxes on capital gains by receiving installment payments....
Aug 17 Beware of Phantom Income
The goal of any real estate investor is to ultimately turn a profit. For landlords, the figures reported on their tax returns might be totally different than monthly cash flow. If cash flow is higher than the income amounts reported on the tax returns, that...
Nov 22 Rental Income: There’s More to It than Just Collecting Rent Checks
As an owner of real estate do you know what constitutes rent? It may be more or less than you think! Here's what you need to know about the different types of rental arrangements....
Jul 06 Investor vs. Dealer
Real Estate Owners must answer the question: Am I a Dealer or an Investor? The answer may have a significant impact on the amount of tax incurred. This post explains what you need to know to save on taxes by understanding how each are treated...
Feb 19 Advantages of the Tenant in Common Arrangement
[vc_row][vc_column][vc_column_text]Tenant-in-common ownership, sometimes called tenancy-in-common, is a method of holding title to property involving multiple owners. When a tenancy-in-common arrangement is created, each individual owner, called a "co-tenant" or "co-owner," owns an undivided interest in the property. Typical Tenant-in-Common Interest [caption id="attachment_2326" align="alignright" width="300"] Typical tenant-in-common agreements...