Are you a “real estate professional”?

Course Information

During tax season, we get a lot of questions about the deductibility of rental real estate losses. There is not a single “sound bite” type of answer as it can depend upon your income level, type of property, and the degree to which you share in the management responsibilities.

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Myths about Taxable Income

Road sign facts vs myths

My Social Security benefits aren’t taxable. Depending on the amount of other income that a taxpayer has to report, their benefits may be taxable – but the maximum amount of Social Security benefits that must be included is 85 percent. I don’t need to report stock sales if I bought other stocks with the proceeds.…

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Repair Expenses

New IRS regs add time and expense to every business’ depreciation calculation.

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