Image from https://www.stessa.com/ Many years ago, the passive-loss rules caused taxpayers many problems, especially those who owned rental property. The passive losses you incur become non-tax-deductible unless you meet strict requirements. Today, these issues still exist, but there are ways around them. Here’s what you must know. How Taxes are Categorized Lawmakers forced taxpayers to… Continue reading Tax Benefits of Rental Losses
Image from Mark Kohler If you’ve decided it’s time to cash out your real estate investments and no longer want to use Section 1031, it’s important to know what will happen with your taxes. Generally, you’ll increase your tax liability when you sell your real estate investments, but there are ways to minimize it. Don’t… Continue reading Everything you Must Know about Cashing out Real Estate Investments
Image from www.gloucester-ma.gov If you’re a real estate investor, you may be missing some important ways to lower your tax burden. They can help increase your profits and make real estate investing a profitable side hustle without losing your income to the IRS. Here are the top ways to reduce your tax burden as… Continue reading How to Lower Your Tax Burden as a Real Estate Investor
Image from https://www.mashvisor.com/ You know real estate appreciates and can be a good hedge against inflation, but did you also know there are tax benefits? Yes, this passive source of income can lower your tax liability. Here’s how. 1. Tax Deductions As a real estate investor, you can take certain deductions regarding your real… Continue reading Real Estate Investing – Are There any Tax Benefits?
Image from https://accountalent.com Did you have W-2 employees in 2020 or 2021? If so, you might not have filed for the Employee Retention Credit (ERC), but it’s not too late. Business owners can still qualify for up to $5,000 in credits per employee for 202 and up to $7,000 in credits per employee for… Continue reading Employee Retention Credit – Executive Summary
Image from www.excelbuilders.com Section 1031 allows you to avoid taxes on new property investments when you immediately reinvest capital gains into another property. You can keep doing this until you die, and then your heirs receive the properties. The good news is that your heirs receive the property at the stepped-up market value on the… Continue reading 1031 Exchange and Delaware Statutory Trust
Image from https://landlordgurus.com/ Are you thinking about selling a commercial or rental property? Did you know there are ways to avoid paying capital gains on your profits? Many real estate investors and business owners aren’t aware of this and end up paying unnecessary taxes. So I’m going to share with you a couple of… Continue reading Tax Implications of Selling a Rental Property
Image from https://gocleancredit.com/ The housing market won’t be the same as in the last few years. Many experts predict housing prices will decrease by as much as 10% by 2024. This could be bad news for homeowners who borrowed a lot to buy their home, leaving them upside down (owing more than the home’s… Continue reading What is a Short Sale
Image from www.investorjunkie.com Investing is a smart decision to prepare for your future, but your tax liabilities can deplete your earnings if you aren’t careful. However, you can use some simple tax strategies to offset your tax liabilities and keep more money in your pocket. In addition, understanding the tax rules will help you make… Continue reading TAX TIPS FOR STOCKS
Image from www.brookings.edu Did you know that you pay capital gains taxes when you sell an investment property? Did you also know that you could offset or defer the taxes in certain situations? There are two ways to defer the capital gains tax: a Section 1031 like-kind exchange or a qualified opportunity zone… Continue reading Tax Planning for Capital Gains