Most of us will agree that our biggest investment is in our home. So, it shouldn't surprise you that your house or condo is your first port-of-call whenever there's a need to borrow money. And the … [Read more...] about Home Equity Loan Interest is Still in Play
Real Estate Tax and Accounting
Renting Residential Real Estate — A Tax Review for the Nonprofessional Landlord
Investing in residential rental properties raises various tax issues that can be somewhat confusing, especially if you are not a real estate professional. Some of the more important issues rental … [Read more...] about Renting Residential Real Estate — A Tax Review for the Nonprofessional Landlord
How Do Installment Sales Affect Your Tax Bill?
You've finally found a buyer for the rental property, land, or business you've been trying to sell but the buyer doesn't have enough cash to pay the full purchase price in a lump sum. So you agree to … [Read more...] about How Do Installment Sales Affect Your Tax Bill?
Are There Advantages to Owning a Second Home?
Whatever the location, size, or value of a second home, certain tax advantages are built in. However, your opportunity to benefit from them depends on how you use the property. Personal Use Both … [Read more...] about Are There Advantages to Owning a Second Home?