Who would you rather rent to? A relative you know well and trust, or a total stranger who may wind up trashing your property? The answer’s obvious, but if you rent to a relative you have to be careful. You see, the IRS insists that you comply with strict fair-rent regulations and rules concerning your relative’s use of your property. Break the law and you could lose all … [Read more...]
Rental Properties
Sorted by Date
Sell Your Home to Your S Corporation and Then Make It Your Rental Property
Are you thinking of moving to a new home? Then I have good news for you … You see, your current home might make a great rental property which could create tax-free income for you plus you could form a new S corporation that would give you a step-up in the depreciable basis for the rental house. Want to find out more? Easy. Read my new article titled Tax Tips: Sell Home to S … [Read more...]
2016 Tax Guide to Foreclosure on a Rental Property
Do you risk losing a rental property to foreclosure? If so, you have our sympathy … and something a lot more valuable. Our proven ideas for limiting the negative tax consequences you face. So don’t despair. Do something now to save yourself a lot of money. Read my new article titled Tax Tips: 2016 Tax Guide to Foreclosure on a Rental Property. Three ways our fact-filled … [Read more...]
Four Tax Strategies That Make Buildings Produce More Cash
Good news! Your building, whether it’s a rental property or your office, can likely put money in your pocket. What’s more, you can start saving now with a building you already own, a building you plan on buying, or a building you are renovating. How? By using four money-saving strategies we’ll explain when you read my new article titled Tax Tips: Four Tax Strategies … [Read more...]
Golden Nugget: New Write-Offs in New Repair Regulations
Good news from the IRS! (You read that right. Uncle Sam actually has some good news for you.) You see, with the new “tangible property” regulations, you can now write off replaced components like roofs, HVAC systems, lighting systems, etc. Want to learn how to take advantage of two great new ways to save on taxes? You’ll find out how to come out a winner when you read … [Read more...]