by Pedro Gonzalez, CPA | Feb 20, 2022 | Real Estate, Tax Strategies
If you’re an “experienced” homeowner, age 62 or older, you may need to tap into your home equity because you are “house-rich but cash-poor.” If so, you are not the only one. But what are your options? You can solve this cash shortfall problem and reap big...
by Pedro Gonzalez, CPA | Feb 7, 2020 | Real Estate, Real Estate Investing, Tax Advantages
Most people are unaware that rental real estate gets more tax deduction benefits than almost any other investment. If you do not take full advantage of tax deduction benefits, it can actually mean the difference between having a loss or a profit from your rental...
by Pedro Gonzalez, CPA | Jan 5, 2020 | Real Estate, Tax
Florida businesses often hold real property and their business operations in separate entities for liability purposes. While this is a very standard and effective way to mitigate the liability risk of owning commercial real estate, these types of structures need to be...
by Pedro Gonzalez, CPA | Nov 18, 2019 | Real Estate, Real Estate Investing, Tax Credits
The Opportunity Zone (OZ) Program was created as part of the Investing in Opportunity Act, which was included in the Tax Cuts and Jobs Act enacted in December 2017. The OZ program was created to encourage private investment in these communities in exchange for capital...
by Pedro Gonzalez, CPA | Nov 11, 2019 | Real Estate, Tax
The Florida legislature voted to again reduce the sales tax, which is imposed under section 212.031, Florida Statutes, that commercial real estate owners charge and receive from tenants to 5.5 percent in 2020 from its current rate of 5.7 percent. Real property rentals...
by Pedro Gonzalez, CPA | Apr 19, 2019 | Real Estate, Tax Planning & Preparation
The Tax Cuts and Jobs Act (TCJA) tax reform added new tax code Section 199A, which created a 20 percent tax deduction possibility for you if your rental property: (a) has profits and (b) can qualify as a trade or business. The current tax law as now stands, with...
