Business + Personal Travel: Can You Deduct the Trip?
Saturday, June 27
Can You Deduct Travel Expenses If You Mix Business and Personal Activities? This question comes up frequently, especially for business owners who travel to visit family, attend events, or take vacations while also conducting some business along the way. The key factor is the primary purpose of ...
Why Your Real Estate Loss Might Be Worth More Than You Think
Saturday, June 20
When real estate investors think about taking a loss, they often assume every loss helps the same way at tax time. It doesn't, and the gap between a Section 1231 loss and a capital loss can be worth real money. If you take a capital loss, the IRS only lets you use $3,000 of it against your regula...
Turn Past Properties Into Present Tax Savings
Saturday, June 06
Many real estate investors assume that if they never did a cost segregation study when they bought a property, the opportunity is gone. In many cases, that is not true. A retroactive cost segregation study allows property owners to look back and identify depreciation they could have claimed in pr...
The Investor Tax Advantage Is Back and Bigger Than Ever
Saturday, May 16
If you've been holding off on big real estate moves because you weren't sure how the tax landscape was going to shake out, here's some good news. The One Big Beautiful Bill has reshaped several of the most important rules that affect real estate investors, and the changes are some of the most sig...
Why Your Real Estate Books Don’t Help Decisions
Saturday, May 02
Most real estate investors don’t have a QuickBooks problem—they have a setup problem. I see this all the time. The numbers look clean on the surface, but when you actually dig in, they don’t tell you anything useful about the portfolio. If your bookkeeping can’t clearly show you what each propert...
Section 199A for Rental Properties: Who Qualifies and How It Works
Sunday, April 26
If you own rental real estate, there’s a tax deduction you should be paying attention to: the Section 199A deduction. This allows you to potentially deduct up to 20% of your rental profits, but it’s still one of the most commonly missed opportunities I see when reviewing tax returns. A lot of the...