"Turn Your Unused Timeshare into aTax Deduction (and Employee Perk!)" To get my complete articlewith all the details… Got a timeshare collecting dust? Learn how to: Transform it into a valuable business asset Secure hefty tax deductions Boost employee morale without breaking the bank Discover two clever strategies to make your timeshare work for your … [Read more...]
Timeshares
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Maximize Your Tax Savings with Timeshare Deductions
"Maximize Your Tax Savingswith Timeshare Deductions" To get my complete articlewith all the details… Are you looking to optimize your tax deductions with your timeshare? Discover how you can benefit from rental and personal use of your timeshare in our latest article: Tax Guide to Timeshare Deductions When You Rent It to Others. Last month, we discussed the … [Read more...]
Maximize Your Tax Deductions with Timeshare Business Lodging
"Maximize Your Tax Deductionswith Timeshare Business Lodging" To get my complete articlewith all the details… Are you leveraging every possible tax advantage for your business? If you own a timeshare and use it for business travel, exciting opportunities await to reduce your tax burden. Discover how to fully capitalize on your timeshare for business lodging without … [Read more...]
Good News: Most Rentals Likely Qualify as Section 199A Businesses
As you probably know by now (and definitely know if you’re a regular reader of The Tax Reduction Letter), tax reform added tax code Section 199A. This new section created a new 20-percent tax deduction possibility for you if your rental property has profits and can qualify as a trade or business. Which means that if your rental property satisfies the above two conditions, … [Read more...]
Create tax-free income for family and friends
Do you travel on business? If you do, you have a choice. You can stay at a nice hotel and deduct the cost. or… You can stay with family or friends and pay them a “rental fee” (or “lodging fee”) for the privilege. You can then deduct that cost — and the money you pay them is theirs tax free! You’ll learn all about this win/win strategy when you read my new … [Read more...]