Opportunity zones. Opportunity zones are economic development tools that can be designed for you to spur more development in lower or rural areas. If you are an investor…
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Tax questions
Real estate & rentals
Rental income, depreciation, 1031 exchanges, selling a home, and short-term rentals.
All topics
IRS letters & problems
Deadlines & filing
Deductions & credits
Small business & self-employed
Real estate & rentals
Retirement & Social Security
Family & education
Estate, gifts & inheritance
Investments & capital gains
Bookkeeping & payroll
Health & insurance
45 answers
If you're thinking about itemizing, do remember that we do have a $10,000 cap on what we refer to as the salt tax, which is state and income…
ListenInterest expense. Keep in mind that back on the Tax Cut and Jobs Act of 2017, they reduced the amount of mortgage interest that you can have. Many…
ListenInterest expense. Keep in mind that back on the Tax Cut and Jobs Act of 2017, they reduced the amount of mortgage interest that you can have. Many…
ListenFriday Tax and Financial firm. To get more info go to www.drfriday.com. Dr. Friday 0:10 Mortgage forgiveness debt relief. The maximum amount of discharge debt out of principal…
ListenAnd we are into the last month of this year. It is time to start really seriously thinking, do a rough run through on your taxes. Did you…
ListenAnd I talk to a lot of clients about what's called a 1031 Exchange or Like-Kind Exchange. I will tell you at the time that I'm recording this…
ListenInterest expense. Keep in mind that back on the Tax Cut and Jobs Act of 2017, they reduced the amount of mortgage interest that you can have. Many…
ListenThis year, you're going to have $12,400 for a single filer and $24,800 for a married couple as our standard deduction. Now, if you haven't filed your taxes…
ListenOne of my favorite tax rulings is a 1031 exchange. That would be as if you have a rental property and let's say maybe you live in Utah…
ListenRenting your house seems like a pretty easy concept. You rent it out, someone rents it, and then you have it. But sometimes you know what? Your son…
ListenSo here's the question, if you have a second home, is it tax-deductible? And the answer could be yes. If it's not a rental, we can write it…
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