The TaxMan's Blog

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Services for Real Estate Pros - Self Employed
I am a real estate investor. I've found that owning rental property provides some of the best tax-saving opportunities available, but resources for smaller investors are often limited. It can be difficult at times to find the right answers, so I look forward to hearing your thoughts and exchanging ideas with all of you.
RECENT BLOG POSTS
You can make more money than the banks if you do an installment sale. That’s because you can charge a rate of interest that is greater than what banks or money market accounts will offer you. This is the major benefit of installment sales, on top of the fact that you can charge more for your pro...
07/12/2007
You can turn a higher profit using an installment sale. For those that don't know, an installment sale is a transaction in which the seller receives any payment for the sale after the tax year of the purchase. Say you sold a property for $200k. You bought it for $150k and depreciated to $100k. I...
07/12/2007
Hello all, I wanted to start a new group about real estate and taxes.There already is one group called "Taxes & Real Estate", but I want this group to be specific to owning residential rental property, so I'm calling it "Real Tax Tips" Before I start pouring my heart and soul into blogging in thi...
07/11/2007
I'm curious about how many people segment their depreciation deductions. Residential rental property gets depreciated over 27.5 years and most people use a straight-line deduction over that period, so for a property with a basis of $275,000, you can deduct $10,000 a year. But, there are shorter l...
07/10/2007
Check out this article from Forbes: Forbes Article: Depreciate It This article says "if you have an investment property, take it like a sponge and squeeze it." The article was about how small-time landlords can avoid missing out on major tax savings; like Robert Kelley, who saved $6,000 in taxes ...
07/06/2007
 The best way to play the Capital Gains Game is to use 1031 exchanges, but as this article describes, “It's a tedious process not many people know how to work the deal.”Defer'Em is one of the best resources for being able to understand the confusion –boot, taxable gain, deferred gain, and new cos...
07/06/2007
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