As the tag-line reads...if you are a homeowner or a real estate investor every real estate transaction triggers an income tax event. This blog is dedicated to discussion of what they might be and what your best tax-planning strategies are in each. What might some of these be? Here are some examples:
Homeowners
- Selling through a short-sale
- Foreclosure
- Capital gain exclusion
- Selling with seller financing
- And many more...
Investors
- Dealer status...it might not be so bad after-all?
- Self-directed IRAs
- Flipping
- Rentals
- Selling through a short-sale
- Selling with seller financing
- And many more...
You'll have to bear with me as I learn this blogging stuff... Any of you with experience in the blogging arena I welcome your suggestions for tweaks to make the content as useable as possible. Afterall you're here for the tax info and I want to make it as easily accessible as possible for everyone.
Finally, on every post there will have to be this little disclaimer courtesy of our friends at the Internal Revenue Service...
IRS Circular 230 disclosure:
To ensure compliance with requirements imposed by the IRS, we inform you that, unless expressly stated otherwise, any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein
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