The Tax Cuts and Jobs Act created a new tax-planning strategy called “Qualified Opportunity Funds.” It was designed to provide a new qualified-opportunity-fund tax-deferral strategy that can also eliminate some capital gains and make others tax-free. Our take on qualified opportunity funds? We believe they do provide an ability to defer (and possibly eliminate) some … [Read more...]
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2018 last-minute year-end stock portfolio tax strategies
If you have a stock portfolio, this issue of the Tax Reduction Letter makes must reading. Why? Because it explains how you can turn your portfolio into a year-end tax reduction machine. That’s right. If you know how to play the game, you can use IRS rules to dramatically slash your tax bill. And best of all, it’s easy to do. Sound good? It is good as you’ll learn when … [Read more...]
Defining “real estate investor” and “real estate dealer”
Here’s a good news double header… Good news #1: You can be both a real estate investor and a real estate dealer with respect to your real estate portfolio. This puts you where you want to be. In control. Good news #2: By knowing just a few rules about dealer/investor classifications, you can dramatically increase your net worth. Want to find out more? Read my new article … [Read more...]
Tax reform and the cannabis industry
Thinking about getting into the cannabis business? Then our new article makes must reading. Why? Because we’ll explain how the Tax Cuts and Jobs Act impacts an important decision you’ll have to make… which form of business entity to choose. Want your new business to get off on the right foot and keep Uncle Sam happy? Read my new article titled Q&A: Tax Reform and … [Read more...]
Do triple-net leases qualify for a 199A deduction?
Let’s start with a definition… A triple-net lease requires the lessee to pay the landlord rent and take care of real estate taxes, building maintenance, and property-management costs. If you use triple-net leases for your rental properties, you may be wondering if you’re eligible for the valuable Section 199A 20-percent deduction. Our answer is an absolutely definite … [Read more...]