Short term rentals are very popular these days. Especially on rental sites such as Airbnb and Vrbo. Whether it’s a cottage at the beach, an apartment in the city, or a home in the mountains, short term rentals make it easy to travel and provide...
While US citizens and residents are subject to worldwide estate and gift taxation on their gratuitous transfers, non-residents are only subject to the US estate tax on property that is situated, or deemed situated, in the United States. This post discusses some of the tax...
How purchase value is divided up between land and buildings impacts the depreciation tax benefits you get as a real estate owner. Here's what you need to know....
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....
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...
Does being a real estate professional have income tax advantages? For real estate professionals, it all comes down to passive and non-passive activities related to property. Here's how to figure out this income tax puzzle. ...
