Taxes
Affordable Housing No Longer So Affordable
Affordable housing may be the latest victim of the credit crunch as many projects are being canceled thanks to banks scaling back their support in the government’s largest and most prolific affordable housing tax-credit program. Large banks and other insitutions that finance these projects are without profits in 2007 and thereofre have very little need […]
Popularity: 20% [?]
12Mar2008 | Justin Kuepper | 0 comments | ContinuedLow Income Housing Tax Credits
Low income housing tax credits can be an extremely useful tool for developers (creating housing projects in low income neighborhoods) and consumers themselves. Here’s a copy of the law:
Memorandum Of Understanding Among The Department Of The Treasury, The Department Of Housing And Urban Development, And The Department Of Justice
Preamble
The United States Departments of the Treasury, […]
Popularity: 32% [?]
29Feb2008 | Justin Kuepper | 1 comment | ContinuedTax Tips for Selling Your Residence
Many homeowners are able to exclude the income from the sale of their primary residence from their income. The ownership test needed to realize this exclusion requires that you - for the 5-year period ended on the date of sale - you must have owned the home for at least two years and lived in […]
Popularity: 23% [?]
29Feb2008 | Justin Kuepper | 0 comments | ContinuedWhat Type of Corporation is Best?
One key aspect of real estate investing is figuring out what type of legal entity is best to hold assets in for tax and ownership purposes. There are a few general rules designed to address this issue that will be outlined in this article.
Limited Liability Companies (LLCs) are generally the best way to hold rentals […]
Popularity: 15% [?]
29Jan2008 | Justin Kuepper | 0 comments | ContinuedCalculating the Basis for the IRS
The US has a notoriously complex taxation system that requires a real estate investor to calculate their basis in investment property when reporting a gain or loss on a tax return. The IRS determines your monetary gain or less when you sell the property by comparing the sale price to the adjusted basis in the […]
Popularity: 17% [?]
17Jan2008 | Justin Kuepper | 0 comments | ContinuedReal Estate Professional Tax Loophole Closed
Real estate has always been a great way to reduce tax exposure since you can write off the interest payments. But, the value of real estate holdings as a tax shelter is quickly diminishing thanks for the alternative minimum tax (AMT). The same ruling has also closed a loophole that was popular with real estate […]
Popularity: 13% [?]
12Dec2007 | Justin Kuepper | 0 comments | ContinuedDefer Your Taxes with a 1031 Exchange
The 1031 exchange rule of the IRC (Internal Revenue Code) enables real estate buyers to defer the capital gains that they incur by selling a property by using the proceeds to purchase a like-kind property. Unfortunately, this tax-free exchange is only available to those engaging in commercial real estate transactions, investment property transactions or vacation […]
Popularity: 27% [?]
10Dec2007 | Justin Kuepper | 1 comment | Continued
