The IRS has released guidance on conservation easements and has provided specific language to use in any contracts or deeds relating to these easements. The safe harbor in IRS Notice 2023-30 involves extinguishment and boundary [...]
There are many tax breaks that come with real estate investing. There may be tax deductions available when you make the purchase, when you own and operate it as a rental and when you wish [...]
Episode 7: Interested in investing in real estate or already have a rental property or two? This week's show ("Win the Tax Game") features Chris Lopez- an expert in Denver real estate- as we discuss [...]
Episode 6: Win the Tax Game. In this 40 minute presentation, I discuss choice of business entities for real estate investors and some common missed tax deductions with Attorneys Stephanie Long and Peter McFarland. https://www.youtube.com/watch?v=wjosqKJCP8k
How to Obtain the New 20% Tax Deduction for Rental Properties New Section 199A of the Internal Revenue Code gives many business owners a 20% personal tax deduction from the overall net income of the [...]
If you missed my webinar for real estate investors and professionals earlier this month, here is a link for you to listen at your leisure: https://attendee.gotowebinar.com/register/2277137344403791619
A Nice Tax Win for Real Estate Investors! Another Real Estate professional beats IRS in Tax Court! The IRS is not, contrary to popular belief, invincible. Given that I often speak and write about [...]
Qualifying as a Real Estate Professional has many tax benefits which help to reduce current income taxes. Like most other tax planning strategies, the rules are complex and often very confusing. This short article on [...]
Many rental property owners fail to account for all of their "ordinary and necessary" rental property tax deductions, causing them to overpay their taxes every year. These include any actual out-of-pocket expenses (such as repairs, [...]
Many new real estate investors struggle with the financial calculations needed to determine if a particular piece of property is a worthy investment. While there are many factors that go into this important decision, we [...]
