by Pedro Gonzalez, CPA | Nov 29, 2022 | Real Estate, Tax, Tax Strategies
Morgan Stanley predicts that house prices could fall by 10 percent by the end of 2024, perhaps twice as much in a worst-case scenario. Homeowners who purchased their homes at the top of the market could be in trouble, especially if the U.S. falls into a...
by Pedro Gonzalez, CPA | Jan 14, 2022 | Real Estate Investing, Tax Strategies, Uncategorized
Depreciation is your best fried, when you own rental property. One reason depreciation is so valuable is that, unlike deductible rental property expenses such as interest and maintenance, you get to claim depreciation year after year without having to pay anything...
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...
by Pedro Gonzalez, CPA | May 10, 2018 | Real Estate, Tax Planning & Preparation
The good news is that you can be both real estate investor and real estate dealer with respect to your real estate portfolio. The next good news is that you are in control, and by knowing just a few rules about dealer and investor classifications, you can do much to...
by Pedro Gonzalez, CPA | Mar 8, 2018 | Real Estate, Tax Advantages, Tax Planning & Preparation
The recent tax reform, known as the Tax Cuts and Jobs Act (TCJA), added some good benefits to your real estate rentals, both commercial and residential. Notably, your qualified business income from your real estate rentals creates a possible 20 percent tax...
