Selling Your Home (Tax Exclusion)
If you sold your main home, you may be able to exclude up to $250,000 of gain ($500,000 for married taxpayers filing jointly) from your federal tax return. This exclusion is allowed each time that you sell your main home, but generally no more…
1031 Tax Deferred Exchange: Dodging the Capital Gains Tax Demon
Steady strength in the stock market has some savvy investors turning their attention to the profitable real estate market. Many of them have discovered a powerful tax strategy, the Internal Revenue Code Section 1031 tax-deferred…
401(k) Investing in Real Estate
Every good investment advisor would agree that any retirement plan should have a properly balanced asset allocation, whether it is a 401(k), Individual IRA, Simple IRA, SEP IRA, Roth IRA or a Coverdell Education Savings Account (ESA). One key to having a balanced portfolio is to make sure the asset classes….
Cut Your Property Taxes!
Check to see if you can trim your property taxes, 12 helpful tips for homeowners and vehicle owners….
Why Depreciation is the Best Tax Deduction
If you qualify as a real estate professional who spends at least 750 hours per year, or more than 50 percent of your working time in qualified real estate work, and if you “materially participate” in managing your investment property, there is no limit to the allowable tax deductions from your…