Latest
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July 15 Is the Magic Date Now for 1031 Exchanges
investing The IRS is giving real estate investors currently working toward 1031 exchanges a little extra time to get their deals done during the coronavirus pandemic. But there are still some fine points to figure out.
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Wealthy Families Have a Rare Opportunity to Avoid Estate Taxes
retirement The unique financial climate ushered in by the coronavirus offers well-off investors the chance to implement a little-known estate-planning strategy called the Preferred Partnership Freeze.
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Coronavirus and Your 45-Day 1031 Exchange Deadline
investing You've successfully closed on the sale of your property and want to move forward with a 1031 Exchange, but what do you do now that you're stuck in quarantine or lockdown? Don’t miss your 1031 Exchange Deadline due to the coronavirus. Take a look at these solutions instead.
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Retirees, No Tax Deduction for Hobby Losses
Tax Breaks Business losses are generally deductible on Schedule C of your federal tax return. But there’s a double-edged sword on the taxation of hobby losses.
Tax Breaks -
Trapped by Capital Gains? Opportunity Zone Funds Provide a Way Out
Tax Breaks Investing in funds to fix up a troubled neighborhood can do some good for the area in question and for your own tax situation.
Tax Breaks -
Opportunity Zones: Tax Panacea or High-Risk Money Pit?
Tax Breaks The IRS has given savvy real estate investors an intriguing chance to help develop low-income areas without potentially paying any taxes whatsoever on their gains along the way. But it's not for the fainthearted.
Tax Breaks -
8 Tax Deductions Eliminated (or Reduced) Under the New Tax Law
Tax Breaks The Tax Cuts and Jobs Act lowered tax rates and nearly doubled the standard deduction, which is expected to reduce taxes for about 65% of taxpayers, according to the Tax Policy Center.
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Making the 1031 Exchange: Is Swap Till You Drop Always the Best Motto?
options Holding property for too long is a mistake many investors make. On the other hand, rushing to buy a property to comply with 1031 rules can be a bigger problem. Sometimes it's better to take the tax bite than rush into a bad deal.
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Lost Your Investment Real Estate to a Natural Disaster? Don't Get Caught in a Tax Trap
taxes If your property was flattened by hurricane, fire or even by an eminent domain project, you might have gotten a big settlement check. But that could also mean a hefty tax bill. To avoid that, consider this maneuver.
taxes
