If a taxpayer fails to qualify as a real estate professional, losses from rental activities may still be deductible. While real estate professionals are afforded beneficial tax treatment enabling them to deduct losses from their real estate activities, real estate nonprofessionals taxpayers may still benefit....
Taxpayers should be mindful that their rental income may be subject to taxes in addition to ordinary income tax. This post covers the ins and outs of the Net Investment Income Tax. ...
When projecting taxable income from your new rental property be mindful of start-up expenses, which are treated differently from expenses incurred when the property is ready and available for rent. ...
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....
[social_share style="square" align="horizontal" heading_align="inline" text="" heading="" facebook="1" twitter="1" google_plus="1" linkedin="1" pinterest="1" link="" /] If you think purchasing a rental property will make a great tax shelter, you may need to dig a little deeper into “passive loss limitations” and how they may affect your real estate...
