Here’s an important question… If you’re up against the two-out-of-five-year rule (the rule that enables the $250,000 home-sale exclusion, $500,000 if you’re married), what’s the best tax strategy to use? You’ll find a detailed answer in the current issue of the Tax Reduction Letter. It’s titled Tax Tips For Home Ownership Sale To An S Corporation. Here’s your chance to read … [Read more...]
Capital Gains
Sorted by Date
Tax tips on a failed rental property purchase
The government loves it when you make a lot of money. And why shouldn’t it? It gets to take a nice chunk of your income in the form of taxes. But what happens when you have some bad luck and don’t earn a whole lot? The government still loves you. When your attempt to make money fails, Uncle Sam allows you a tax deduction for your losses. Our new article titled Tax Tips … [Read more...]