“Find Cash: Repair Your Properties - Don’t Improve Them” To get my complete, FREE articlewith all the details… To repair your property or improve it? That is the question. Well, here, with no further ado, is the answer... When it comes to your profits on a rental real estate property, the repair deduction can substantially outperform the capitalized … [Read more...]
Passive income and losses
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Rental properties? Learn how to escape the passive-loss trap with our latest article
Rental Properties? Learn How to Escape the Passive-Loss Trap with our Latest Article Attention rental property owners: are you missing out on valuable tax deductions due to passive-loss rules? Don't let these rules continue to complicate your tax strategy. Our latest article, Plan Your Passive Activity Losses for Tax-Deduction Relevance, outlines three escapes from the … [Read more...]
Does Grouping Rental Properties, Release Suspended Losses?
Thinking of grouping rental properties? Read my new article before you make a move. “Does Grouping Rental Properties,Release Suspended Losses?” To get my complete articlewith all the details... One of the things I always enjoy, is hearing from my readers of the Tax Reduction Letter. I recently received a note from a CPA about a top real estate broker, asking … [Read more...]
Selling Your Appreciated Vacation Home? What About Taxes?
Got a vacation home you want to sell? Be careful.The tax laws that apply can be tricky...and costly! What exactly is a “vacation home.”? Seems obvious, doesn’t it? Well, we’re dealing with the IRS so it isn’t. If you have a home that you rent outand use personally, the IRS defines it as a “vacation home.” So what? . . . you may ask. The answer is that the … [Read more...]
Grouping: Tax Strategy for Owners of Multiple Businesses
Did you know your business losses can be suspended under the “passive activity loss” rules? Don’t panic. It’s “grouping” to the rescue. So what’s grouping all about? It’s a strategy for owners of several businesses. A proven strategy that lets you enjoy all the benefits of the intricate passive-loss rules. The basic strategy involves grouping your business activities … [Read more...]