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real estate

A Dozen Ways to Deduct Real Estate Losses

December 1, 2022 By Stephen Nelson CPA

Tricks for deducting real estate losses to save taxes

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

Filed Under: business taxes, Corporate taxation, entrepreneurship, individual income taxes, real estate

Surviving IRS Short-Term Rental Audits

October 1, 2022 By Stephen Nelson CPA

IRs short-term rental audits don't have to end badly

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

Filed Under: individual income taxes, real estate

The Self-Rental Loophole

September 1, 2022 By Christian Block CPA

The self-rental loophole can produce big tax savings for small business owners.

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

Filed Under: business taxes, Corporate taxation, real estate

Inflation Reduction Act: Tax Credits for Homeowners

August 15, 2022 By Beth Nelson CPA

Foam plastic Insulation of a new home on a new roof

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

Filed Under: individual income taxes, Inflation Reduction Act, real estate

Inflation Reduction Act: What Every Real Estate Investor Should Know

August 10, 2022 By Beth Nelson CPA

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

Filed Under: business taxes, Corporate taxation, Inflation Reduction Act, investment, real estate, Strategy

Tax Strategy Tuesday: Real Estate Professional Tax Strategy

February 1, 2022 By Stephen Nelson CPA

The real estate professional tax strategy can save significant amounts of income taxes.

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

Filed Under: individual income taxes, investment, personal finance, real estate, retirement, Tax Strategy Tuesday

Tax Strategy Tuesday: Avoid Real Estate Net Investment Income Tax

January 25, 2022 By Stephen Nelson CPA

real estate net investment income tax blog post art

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

Filed Under: individual income taxes, investment, real estate, Tax Strategy Tuesday

Tax Strategy Tuesday: Accelerate Depreciation Strategy

January 11, 2022 By Beth Nelson CPA

accelerated depreciation tax strategy blog post

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

Filed Under: business taxes, individual income taxes, personal finance, real estate, Tax Strategy Tuesday

Tax Strategy Tuesday:  Vacation Rental Property

November 30, 2021 By Stephen Nelson CPA

The vacation rental tax strategy works well if you understand the rules.

On Tuesdays, for at least the next few weeks, we will blog about tax strategies that high-income investors and business owners may be able to use to … [Read more...] about Tax Strategy Tuesday:  Vacation Rental Property

Filed Under: individual income taxes, personal finance, real estate, Tax Strategy Tuesday

Build Back Better S Corporation Tax Hits High Income Taxpayers

November 15, 2021 By Stephen Nelson CPA

Build Back Better S corporation tax hits high income taxpayers.

The Build Back Better Act hits S corporation owners and active real estate investors a bit harder than some of us guessed. In a nutshell? It … [Read more...] about Build Back Better S Corporation Tax Hits High Income Taxpayers

Filed Under: Corporate taxation, individual income taxes, real estate, S corporation Tagged With: Build Back Better

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Featured Posts

Washington state capital gains tax returns will need to be filed for 2022 as per the Supreme Court's March decision.

Filing Washington State Capital Gains Tax Returns

You maybe need to file a Washington state capital gains tax return with your 2022 federal tax return. Specifically, if you realized long-term … [Read More...] about Filing Washington State Capital Gains Tax Returns

Working longer avoids sequence of returns risk

Working Longer Avoids Sequence of Returns Risk

The term “sequence of returns risk” refers to the risk that your retirement nest egg may not last if you get a bad patch of returns at the start of … [Read More...] about Working Longer Avoids Sequence of Returns Risk

How IRS audits work

How IRS Audits Work

Audit anxiety is something nearly every taxpayer has in common.  But, have you ever considered how IRS audits actually work? The IRS processes … [Read More...] about How IRS Audits Work

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