Land can’t be depreciated, so the land-versus-building split matters. Learn five ways to support your allocation, from the tax assessor’s ratio to an appraisal, so more of your basis can be depreciated.
Can Land be Depreciated? Read More »
House flippers are usually taxed as dealers, but there are still ways to cut the tax bill. Here are six strategies, from an S corporation election and Section 121 to 1031 exchanges and REPS.
6 Tax Saving Tips For House Flippers Read More »
Real estate professional status, commonly referred to as REPS, is a powerful tax planning strategy that can often result in thousands of dollars in savings for real estate investors. However, it is a very complicated and closely monitored portion of the tax code, so you need to be careful. Avoid taking shortcuts that may result in missing out on significant savings.
In this article I am going to give you an overview of the steps involved to qualify for real estate professional status as well as the ways it is used to save real estate professionals thousands on their tax bill.
Qualify as a Real Estate Professional and Save Thousands Read More »
The phase-out is over: the One Big Beautiful Bill Act made 100% bonus depreciation permanent for property acquired after January 19, 2025. What qualifies, how real estate investors use it, and how it compares with Section 179.
Is Bonus Depreciation Going Away? No: 100% Is Back and Permanent (2026 Update) Read More »
Planning a backdoor Roth IRA? The pro rata rule can make part of your conversion taxable if you hold other pre-tax IRA money. Learn how it works and how to avoid the surprise.
Navigating the Pro Rata Rule when Using a Backdoor Roth IRA Read More »
In the United States income taxes are to be paid on a regular basis throughout the year. As a self-employed individual you don’t have the luxury of your employer automatically deducting and remitting income taxes from your pay to the government. Instead, you must manage that process on your own. Below is a quick guide on how to do so.
*Note – special rules may apply if you are a farmer or fisherman.
Quick Guide on Paying Estimated Income Tax Read More »
