Posts filed under: Taxes

The Biden administration is proposing an increase to long-term capital gains tax. Tax basis and capital gains for investment properties are commonly misunderstood. Before you consider selling an investment property, it’s important to understand how gain is calculated. Here’s a...
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The Biden administration has proposed some changes to tax law that, if passed, will apply to the entire 2021 tax year. Some of the provisions will have great impact on multi-family owners. Below is a brief summary of 2021 tax...
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There are two different ways to report rental income on your federal tax return. Each has a different impact on your taxable income and taxes owed, so it’s important to have a basic understanding of the two options. Below is...
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By Robert J. McNeill, CPA www.McNeillCPA.com In the closing weeks of 2017, President Trump signed a tax reform bill called the Tax Cuts and Jobs Act. The 429-page law contains some pretty significant changes that may dramatically impact the multi-family...
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An Analysis of the 2018 Tax Reform for Multi-family Property Owners and Investors....
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By Robert J. Charland CEO of Exchange Authority The primary advantage of a 1031 exchange is that the taxpayer may dispose of property without incurring any immediate tax liability.  This allows the taxpayer to keep the earning power of the...
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