Dr. Friday discusses mortgage interest deductions for primary and secondary homes. Mortgages over $750,000 are only deductible for the first $750,000, especially if refinanced after 2017. Interest on…
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Real estate & rentals
Rental income, depreciation, 1031 exchanges, selling a home, and short-term rentals.
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45 answers
Thinking about selling real estate? Dr. Friday breaks down the tax implications for primary homes, investment properties, and 1031 exchanges. Learn about exclusion limits for primary residences—$250,000 for…
Listen2023 marked the phased reduction of real estate bonus depreciation, making cost segregation studies even more critical for maximizing tax savings. By breaking down property purchases into specific…
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Understanding Mortgage Interest Deductions for 2024 Tax Returns
Deductions & credits
In this episode, Dr. Friday discusses the rules for deducting mortgage interest in 2024. If your mortgage exceeds $750,000, only interest on the first $750,000 is deductible, unless…
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Mortgage Interest Deduction: Understanding the Tax Implications
Deductions & credits
Dr. Friday discusses the mortgage interest deduction and its impact on tax savings. She explains that unless the mortgage interest, property taxes, and sales tax exceed the standard…
ListenDr. Friday delves into the complexities of the mortgage interest deduction, a topic that can stir quite a bit of confusion among homeowners. She clarifies that while many…
ListenIn this concise, one-minute podcast episode, Dr. Friday, the president of Dr. Friday's Tax and Financial firm, delves into the advantageous world of 1031 exchanges. She enlightens listeners…
ListenIn this quick yet insightful episode of Dr. Friday Tax Tips, Dr. Friday, the president of Dr. Friday's Tax and Financial firm, delves into the complexities of renting…
Listenwith Dr. Friday, discover a unique tax tip that could put extra money in your pocket. Ever thought about renting out your primary home for two weeks? Not…
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Radio Show
September 30, 2023
Welcome to another episode of the Dr. Friday Radio Show! In this episode, tax expert Dr. Friday answers callers' tax questions and covers various topics, including: Introduction and…
#IRS Debt Resolution#Capital Gains Taxes#Estimated Tax Payments#Rental Property Sales
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Radio Show
March 25, 2023
Welcome to another episode of the Dr. Friday Radio Show! In this episode, tax expert Dr. Friday answers callers' tax questions and covers the following topics: Cryptocurrency Is…
#Inherited Property Basis#Tax Filing Extensions#Rental Property Sales#Cryptocurrency Reporting
ListenIf you've got questions about taxes, maybe you're trying to figure out if you sell a rental property, how much will you pay in capital gains, and do…
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