This week, a quick discussion of grouping activities as backdoor way to materially participate. But first a bit of background about what material … [Read more...] about Grouping Activities to Achieve Material Participation
real estate
Vacation Home Rental Tax Traps
You want to learn the vacation home rental tax rules if you rent, own or are considering renting or owning a second home. Here's why: Vacation home … [Read more...] about Vacation Home Rental Tax Traps
A Dozen Ways to Deduct Real Estate Losses
Tax law (and especially Section 469 of the Internal Revenue Code) mostly eliminates your ability to save big on taxes using real estate. That said, … [Read more...] about A Dozen Ways to Deduct Real Estate Losses
Surviving IRS Short-Term Rental Audits
Concerned about IRS short-term rental audits? Hey, you're not crazy to worry if you own a vacation rental. Short-term rentals often shelter lots of … [Read more...] about Surviving IRS Short-Term Rental Audits
The Self-Rental Loophole
Long ago, there was no tax code that differentiated ordinary income from passive income or ordinary losses from passive losses. Life was good for … [Read more...] about The Self-Rental Loophole
Inflation Reduction Act: Tax Credits for Homeowners
August 19th update: It has come to my attention that the original Example 3 was not clearly supported by the statute. This has been fixed and I … [Read more...] about Inflation Reduction Act: Tax Credits for Homeowners
Inflation Reduction Act: What Every Real Estate Investor Should Know
On Sunday morning, the U.S. Senate passed the Inflation Reduction Act (H.R. 5376). Assuming the House passes an identical bill this Friday (and Nancy … [Read more...] about Inflation Reduction Act: What Every Real Estate Investor Should Know
Tax Strategy Tuesday: Real Estate Professional Tax Strategy
A few weeks ago, I talked about one way to get big real estate tax deductions onto a tax return, the vacation rental tax strategy. This week, I … [Read more...] about Tax Strategy Tuesday: Real Estate Professional Tax Strategy
Tax Strategy Tuesday: Avoid Real Estate Net Investment Income Tax
Are you a real estate investor? And, just to get the awkward part over, have you been pretty successful with real estate? I thought that might be … [Read more...] about Tax Strategy Tuesday: Avoid Real Estate Net Investment Income Tax
Tax Strategy Tuesday: Accelerate Depreciation Strategy
For today’s Tax Strategy Tuesday, I’ll be sharing a trick landlords and small business owners with real estate and capital equipment (like vehicles … [Read more...] about Tax Strategy Tuesday: Accelerate Depreciation Strategy