“Section 1031: Don’t Miss ThisDepreciation Election Opportunity” To get my complete articlewith all the details... DEFINITION: Cost segregation study. A cost segregation study is a process that examines each element of a property, splits them into different categories, and allows you … [Read more...]
Rental Properties
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Do You Owe Self-Employment Tax on Airbnb Rental Income?
“Do You Owe Self-Employment Taxon Airbnb Rental Income?” To get my complete articlewith all the details... That’s a good question. One you should be asking yourself if you use your property as an Airbnb. Well, let’s take a crack at answering the question. First... Here’s what the IRS saidin their Chief Counsel Advice (CCA): … [Read more...]
Maximize Profits and Defer Taxes with an Installment Sale
“Maximize Profits and Defer TaxesWith an Installment Sale” To get my complete articlewith all the details... What exactly is an installment sale? An installment sale is a sale of eligible property where you receive at least one payment after the close of the taxable year in which the sales occur. [There is much more to say about this, and I’ll give you allthe … [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...]
When You’re Subject to Self-Employment Taxes
“When You’re Subjectto Self-Employment Taxes” To get my complete, new articlewith all the details... How much self-employment tax do you have to pay? It’s not always easy to figure out. That’s why you need to read my new article. Do you own your own business? Then you know that you have to pay self-employment taxes to fund your Social Security and Medicare … [Read more...]