Nobody likes to take a loss on their business, rental, or non-rental investments. But there is a (somewhat) bright side to these losses. You can deduct them and put that cash where you need it. In your pocket. That’s why you should read our new article titled Tax Tips for Rental, Non-Rental, and Business Losses. It will show you how to build your net worth by handling your … [Read more...]
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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...]