Use a Single-Member LLC as a Tax-Smart Real Estate Ownership Vehicle
You’ll find much beauty and little beast in using a single-member LLC for your real estate ownership. Should you use a single-member LLC as a real estate ownership vehicle? That might be a very good idea. Under the so-called check-the-box regulations put out years ago...
Vacation Home Rental – What’s Best for You: Schedule C or E?
Do you have a beach or mountain home that you rent out? If the average period of rental is less than 30 days, you likely have a choice—either claim the income and expenses on Schedule C, or claim the income and expenses on Schedule E. When Is Schedule C a Good Choice?...
Converting Your Home to a Rental
The simple maneuver of converting your personal residence to a rental property brings with it many tax rules, mostly good when you know how they work. The first question that arises when you convert a personal residence into a rental is how to determine the property’s...
Unlock Tax Deductions with a Rental Property Home Office
With the start of a new tax year, you’re probably looking for new tax savings opportunities. As you probably know, establishing a home office for your Schedule C or corporate business creates valuable tax deductions. But it’s not available only for your...NEW STRATEGY FOR YOUR FINANCES
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Can You Really Deduct 100% of the Airfare with Only One Business Day on A Seven Day Trip to Paris?When you travel to a business location where you spend the night, you are in ..
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Use a Single-Member LLC as a Tax-Smart Real Estate Ownership Vehicle
You’ll find much beauty and little beast in using a single-member LLC for your real ..
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Vacation Home Rental – What’s Best for You: Schedule C or E?
Do you have a beach or mountain home that you rent out? If the average ..
