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Showing results for "tax"
Can landlords use TurboTax for their rental properties?
Some of the most well-known duos and combos in the world include bread and butter, peanut butter and jelly, car and driver, and yin and yang. To this list, a…
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9 Common Landlord Tax Deductions [2022 Update]
Familiarize yourself with these top landlord tax deductions that can help reduce your tax burden to the IRS. 1. Depreciation Depreciation is one of the biggest and most important deductions…
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Understanding Passive Activity Limits and Passive Losses [2022 Tax Update]
As a rental property owner, it’s not uncommon for your properties to produce a net loss for tax purposes thanks to depreciation and other operating expenses. The treatment of these…
Short-Term Rentals and Related Taxes [2022 Update]
With the increasing popularity of short-term rentals thanks to Airbnb, VRBO, and other vacation rental platforms, it’s important to understand some of the tax issues related to owning and operating…
Real estate corporations and tax time: Your FAQs [2022 Update]
In order to scale our real estate investing businesses, many of us form companies to ensure tax efficiency and liability protection—to name only a few benefits. Companies are the best…
Advanced tax strategies for real estate investors: FAQs [2022 Update]
So you’ve been around the real estate investing block a few times. You understand the basics of the tax efficiencies that come with owning real estate investments: deductions, 1031 exchanges,…
Real estate tax strategies for 2022 [+ the real estate professional status]
We’ve covered the basics of taxes for real estate investing over the past month, including deductions, 1031 exchanges, business travel, and more. In fact, we even teamed up with the…
The 20% pass through tax deduction: FAQs [2022 Update]
As real estate investors, we’ve heard a lot this year about the new tax benefit for our businesses referred to as the 20% pass-through deduction. Simply put, this incentive allows…
