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Selling property to your S-Corporation may be beneficial in some specific situations, like if you are trying to meet requirements for the two year…
Comment(6) | Tell a friend
Expenses incurred while traveling away from home can be deducted if the primary purpose of your trip was to collect income, manage properties, or...
Comment | Tell a friend
If you want to go on vacation, consider making it a business trip. If your main purpose of travel is to look for new property, and you spend over...
Comment(6) | Tell a friend
Thousands can be saved if you segment your depreciation. Identifying short life assets allows you to separate and depreciate those assets sooner...
Comment(4) | Tell a friend
If you are going to be taking a loss on the sale of your primary home, consider moving out and renting out the property before selling it to be...
Comment(9) | Tell a friend
Taxable gain from the sale of property can be minimized by accounting for sale expenses, like closing costs. Your settlement statement has all the...
Comment(4) | Tell a friend
Supplies VS Materials and Improvements VS Repairs. Repair Materials are supposed to be depreciated, and Improvement Supplies are expensed... I think.
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Capital gains taxes from selling property can be reduced using an installment sale, a transaction in which at least one payment is received after...
Comment(8) | Tell a friend |
