“Can Real Estate Professional StatusFree Up Old Passive Losses?” To get my complete articlewith all the details… As tax season approaches, many real estate investors who've recently qualified as real estate professionals are asking a critical question: "Now that I'm a real estate professional, can I deduct all those passive losses from previous years?" The … [Read more...]
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Real Estate Dealer or Investor? The IRS’s View Matters
“Are You a Real Estate Dealeror Investor?” To get my complete articlewith all the details… "Am I a real estate dealer or investor?" It seems like a simple question, but the answer could dramatically impact your tax situation. We've just published a comprehensive guide that: Clarifies how the IRS views each classification Explains the tax implications for … [Read more...]
Your Taxes Are About to Change Dramatically – Here’s What’s Coming
“Individuals on the Brink:The TCJA Tax Shuffle Will Begin Soon” To get my complete articlewith all the details… Did you know that your tax bill could look drastically different pretty soon? The biggest tax overhaul in recent history is about to expire, and it will affect YOUR bottom line. The Tax Cuts and Jobs Act (TCJA) provisions are set to sunset in 2025, … [Read more...]
Unlock the Tax Secrets of Personal Property Rentals
"Unlock the Tax Secrets ofPersonal Property Rentals" To get my complete articlewith all the details… Are you renting out equipment, vehicles, or other personal property? If so, you could be missing out on crucial tax benefits – or worse, inadvertently breaking tax laws! Our latest article, "Know the Three Ways the Tax Law Treats Personal Property Rentals," is a … [Read more...]
Unlock Aircraft Tax Deductions: How to Overcome Passive Loss Limits
"Unlock Aircraft Tax Deductions:How to Overcome Passive Loss Limits" To get my complete articlewith all the details… Are you looking to unlock valuable tax deductions for your aircraft? Passive loss limitations can often trap losses, making it difficult to offset them against other income. But with the right strategies, you can break free from these tax traps and … [Read more...]