Are you thinking about purchasing interest in real estate? Since real estate is often owned within partnerships, one way to invest in real estate is to purchase an interest in a real estate holding partnership from a previous member, or if you are currently invested in real estate through a partnership you can increase your…
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Nothing in real estate is a guarantee. A Gain on Real Estate Sale Analysis can help provide a clearer picture about a potential purchase. Experts are constantly trying to get ahead of the curve, bubble and trends. However, as a seller of real estate, it’s possible to reduce your uncertainties to a minimum, and to…
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My grandparents have a vacation house along the coast that they rent to friends and acquaintances from time to time. Like many other property owners, they think it’s a great way to generate a little extra income. While this may be true, people often overlook the vacation rental tax rules that are associated with earning…
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If you own rental property, you’ve probably had to deal with on-site issues from time to time. These problems include property repairs along with a slew of other inevitable challenges. In spite of all these surprises, the least expected and most unwelcome of problems often happens during the tax season. The surprise we are talking about is one…
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Qualified Opportunity Zones (QOZ) is a new benefit created with the new tax reform legislation and is one of the largest incentives to taxpayers that we’ve seen in a long time. Although fairly complex in terms of timing, they are simple to set up and maintain—absolutely worth the effort in terms of tax savings. (View…
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If you’re planning to utilize the benefits of a Qualified Opportunity Zone (QOZ), you must invest your gain into a Qualified Opportunity Fund (QOF). They are fairly simple to create, but be cognizant of the tests to stay certified and the deadlines for avoiding penalties. Read on to learn more about how, when, and why…
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