Rental Property
-
Are you a tax-favored real estate professional?
For federal income tax purposes, the general rule is that rental real estate losses are passive activity losses (PALs). An individual taxpayer can generally deduct…
Read More: Are you a tax-favored real estate professional? -
Taxes when you sell an appreciated vacation home
Vacation homes in upscale areas may be worth way more than owners paid for them. That’s great, but what about taxes? Here are three scenarios…
Read More: Taxes when you sell an appreciated vacation home -
The pros and cons of turning your home into a rental
If you’re buying a new home, you may have thought about keeping your current home and renting it out. In March, average rents for one-…
Read More: The pros and cons of turning your home into a rental -
How renting out a vacation property will affect your taxes
Are you dreaming of buying a vacation beach home, lakefront cottage or ski chalet? Or perhaps you’re fortunate enough to already own a vacation home.…
Read More: How renting out a vacation property will affect your taxes -
The tax implications of renting out a vacation home
Many Americans own a vacation home or aspire to purchase one. If you own a second home in a waterfront community, in the mountains or…
Read More: The tax implications of renting out a vacation home -
Renting to a relative? Watch out for tax traps
If you own a home and rent it to a relative, you may be surprised to find out there could be tax consequences. Quick rundown…
Read More: Renting to a relative? Watch out for tax traps
Stay current on weekly blogs by following our social media posts on LinkedIn, Facebook, and Twitter.