If you or your client plans on undergoing a short sale, paying mortgage insurance, or making energy efficient improvements in 2014, you may be in for a shock come next tax season.
Tax benefits set to expire
read more
Tax Benefits of Ownership
Learn what drives your clients by learning the profit tax implications of real estate transactions. Stay current on the latest news, videos, forms, and updates for Tax Benefits of Ownership.
Latest Articles
Forming an LLC for a self-directed IRA
Learn how your clients can use a self-directed IRA LLC to provide risk management and asset preservation while allowing direct checkbook access to the IRA funds. Controlling IRA investments An individual retirement account (IRA) owner with a few hundred thousand...
Information returns required on §1031 transactions into out-of-state properties
Moving your equity into out-of-state property in a tax-free §1031 transaction? The California tax man is tracking you for that taxable resale! Revenue & Taxation Code §§18032; 24953 Added by A.B. 92 Effective date: Taxable years on and after January 1, 2014...
Real estate investor or dealer – the IRS wants to know
Are you an investor or a dealer? Read on to understand the differences between the two designations, and avoid a nasty surprise at tax time. Nearly half of all real estate buyers in 2013 purchased their properties with the intent of eventually flipping them for a...
2013 California Personal Income Tax Deduction Schedule
Updated Personal Income Tax deductions from the Franchise Tax Board.
U.S taxpayers’ foreign homes: eligible for residence profit tax exclusion?
To qualify for the exclusion, the U.S. taxpayer must own and have used the property…
Buying investment real estate with an IRA
Get the basics for purchasing real estate with funding from a self-directed IRA, yours or your client’s.
The votes are in: 2013 tax code is no good for real estate sales!
Readers weigh in on topics affecting the California real estate industry.
This recovery is the real deal: still, some patience is required
California’s economy is finally in the first stages of a true recovery, according to Chapman University’s Inland Empire Economic Forecast. While the state’s economy will not slip back into a recession in 2013, upward movement will be…
Errata & Updates
- No corrections currently reported.