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...
by Pedro Gonzalez, CPA | Feb 22, 2018 | Real Estate, Tax
The first 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...
by Pedro Gonzalez, CPA | Feb 15, 2018 | Real Estate, Tax Advantages
In December of 2017, the Tax Cuts and Jobs Act further extended the benefits of investing in real estate by introducing a new “qualified business income” (QBI) deduction under IRC Section 199A that further reduces net rental real estate income by up to 20%. We have...
by Pedro Gonzalez, CPA | Feb 13, 2017 | Real Estate, Real Estate Investing
Our tax law puts your income and deductions into three separate buckets for tax purposes. Each bucket has its own rules and regulations. These are the three buckets: 1. Passive 2. Portfolio 3. Active A real estate rental is automatically in the passive bucket if...