Real estate taxes

IRS taxes on short sale of investment property

[…] The tax liability on short sale starts with one fundamental question: what was your gain (or loss) on the short sale itself. This question has nothing to do with the shortage. It has to do with what you paid for the property originally, including […]

Reducing Taxes With Cost Segregation

[…] When using asset segregation to lower your taxes, you utilize the principle that money in your pocket now is better than money in your pocket 10 or 20 years from now. […]