Hi everyone! Looking for advice on how to save on taxes. Thanks for your help!!

Situation: Purchased a piece of land in NY this year with 3 people (Dad, Uncle, and I). We paid for the property by taking a HELOC on ...

I can't find much discussion of this, which makes me suspect I haven't actually stumbled onto some magical tax loophole. But what discussion I can find seems to indicate it applies to some real estate activities. Hopi...

Hi Community Newbie to the community looking to get started in rental properties.  I've heard of people using rental properties to lower their taxable income but I'm not clear how this is possible.  From what I'm gath...

Hey there! As a CPA and former tax accountant, I wanted to share some tips with you on how to make the most of your real estate investments this tax season. There are a few key benefits you should know about that can ...

If you own or have invested in an apartment complex, are you familiar with cost segregation? If not, you could be missing out on thousands or even millions of dollars (depending on your property) in tax savings!
Owni...

Hi everyone. If a seller of a property does not plan on doing a 1031 exchange does seller financing save the seller from any capital gains taxes? Does the fact that the seller will essentially not be getting the full ...

Hi everyone! Have you thought about using cost segregation to maximize your tax savings?Have you looked into cost segregation services but found out they cost too much? I am in the same boat. To make my life easier, I...

My wife and I own a condo in San Diego. We are planning on upgrading to a "real" house soon  when kids come. We are going to hold onto our condo when we move. I see that we don't pay capital gains if we have lived in ...

Hey All, I just learned about something called a "First-Time Homebuyer Savings Accounts" that Iowa offers. This is essentially a tool to get the younger generation to move from renting to buying by offering a tax dedu...

Here's a question I have been struggling with:  Do I continue to save for retirement through tax deferred methods like a 401k, which grows my net worth 33% faster than a non retirement account? I am self employed, so ...