Wading through the tax legislation implications of the 2017 tax reform and 2020 CARES Act can be overwhelming for many real estate companies. But there’s no doubt that the industry...
Fannie Mae and Freddie Mac can each invest up to $850 million annually in low-income housing tax credits (LIHTCs), an increase from the previous $500 million cap, announced the Federal...
The Los Angeles City Council Friday passed a resolution to support an assembly bill that creates a tax on large corporate landlords and use the revenue for rental assistance, legal...
Real estate investors may soon pay more taxes on high-dollar transactions. President Joe Biden is asking for higher taxes on real estate transactions with gains of more than $500,000. The tax...
All income from rental properties must be reported as part of your gross income on your tax returns. This includes any monies received for either the use of or occupancy...
There are several tax breaks for landlords that let property owners reduce their tax obligations and keep more of their cash to put back into their golden goose. Tax Deductions...
Becoming a landlord presents incredible opportunities for stable passive income. However, on top of the general uncertainty brought forth by a pandemic, renting out property also presents new financial and legal obligations, including...
Stephen Ashley isn’t sure how much his company will benefit from a 116-word tax break for residential property owners slipped into the omnibus and coronavirus relief package late last month....
Proposition 19, billed as “The Property Tax Transfers, Exemptions, and Revenue for Wildfire Agencies and Counties Amendment,” passed with 51.1% of California voter approval in November. As a result, 2021...
