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31 January 2025 | 12 replies
You get a deduction for the contribution, the gains grow tax-free and as long as you use the proceeds for health-related expenses the funds come out tax free as well.
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7 February 2025 | 0 replies
With the right tax strategy, you can maximize deductions and reduce liabilities, while having the right insurance and reserves in place will protect you from unexpected costs.By Implementing a quarterly financial review to assess performance and make adjustments to avoid cash shortfalls.
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7 February 2025 | 5 replies
This is to get your tax deduction at a higher tax rate.
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23 January 2025 | 16 replies
Hope all that makes sense. 2) LLC-B contributes $5875 towards retirement --> tax deduction what type of contribution is this?
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28 January 2025 | 11 replies
The interest being deductible is based on the use.
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28 January 2025 | 6 replies
Consult a tax professional to optimize deductions and explore strategies like Real Estate Professional Status or short-term rental loopholes to apply depreciation to non-passive income.This post does not create a CPA-Client relationship.
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1 February 2025 | 12 replies
Quote from @Eduardo Perez-Borroto: Since the HELOC was not used on improving the home you cannot deduct the interest, nor use that to offset your capital gain.Would adding a battery bank system to my solar panels count as home improvement?
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5 February 2025 | 5 replies
Quote from @Polat Caglayan: 1500 sq ft and a mid-level renovation that complies with section 8 standards I would get a contractor out there
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22 January 2025 | 10 replies
These tax deductions do not require you to become a real estate professional.
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7 February 2025 | 5 replies
It is in your inbox Heath, Granted this is a standardized PA form, it gives you a good idea on how to draft one.