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One-minute answer

A Disadvantages To Low Interest Rates

Real estate & rentals

One of the disadvantages to interest rates being so low is that people can actually spend a little bit more money on their homes, possibly ending up with…

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One-minute answer

Can Tax Deductions Be Carried Over?

Deductions & credits

Can tax deductions be carried over? Well, in most cases the answer is going to be no. You can carry forward charitable contributions that exceed 50% of your…

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One-minute answer

How To Avoid Capital Gains?

Investments & capital gains

Trying to avoid capital gains? I'm not an expert. I'm going to tell you this right off the top of this, but you need to think about a…

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One-minute answer

Rental Properties Fall In Your QBI

Real estate & rentals

Last year it came into play and just remember that we still have the 199-A QBI - Qualified Business Investment. And rental property does fall into it. There…

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One-minute answer

AirBnB And Tax

Investments & capital gains

A lot of people are thinking about renting out part of their home as an Airbnb - nothing wrong with that. And when you're doing it, you depreciate…

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One-minute answer

Tax Deductions on Rental Properties

Deductions & credits

Tax deductions on rental properties. Remember, besides the fact that you can take off all the maintenance that you have on that property, you're going to depreciate the…

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One-minute answer

The Disadvantage of Low Interest Rates

Real estate & rentals

One of the disadvantages to interest rates being so low is that people can actually spend a little bit more money on their homes, possibly ending up with…

Listen

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