Get the most from your vacation home rental property by knowing the tax rules.
Summer is the time of family vacations, sun, sand and beaches. It's also the time when a vacation home may be used to generate additional cash flow through rental.
Part-time landlords need to...
Knowing the requirements for Qualified Business Income (QBI) deductions can help you save taxes on your rental real estate. The IRS recently issued guidance on the 20% tax deduction for Qualified Business Income (QBI) and rental real estate activity. This post covers what you need...
If you invest - or are thinking of investing - in foreign real estate, as a U.S. taxpayer you need to be aware of how your holdings are treated for tax purposes - it's not the same as if you were investing in U.S....
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....
The federal government used to build its own public housing. However, the government banned public housing construction in 1968 and began demolishing many of its buildings in the 1990s. While the direct construction went away, the need for new units did not. The Low...
Ready to become a part of the sharing economy? If you're considering renting out your primary or vacation home, you'll want to read this post first to learn the tax rules....
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....
Clients often contact me to discuss the tax consequences of selling their primary residence. This post clarifies some of the misconceptions about these sales....
