This 100% write-off is ‘permanently’ back under Trump’s beautiful bill. And it could save 6 or 7 figures for some US taxpayers. Are you one of them?

But thanks to the 100% bonus depreciation rule introduced in the Tax Cuts and Jobs Act and made permanent in Trump’s One Big ...

IRS Notice: Exclusion of Certain Property Sales From Deduction Eligible Income Calculations (IRC §250)

The IRS has published a notice announcing its intent to issue proposed regulations addressing the scope of I.R.C. §250(b)(3)(A)(i)(VII), which excludes income and gain from sales or dispositions of ...

Why landlords chase this IRS tax status

TurboTenant reports that obtaining real estate professional status offers tax benefits for landlords, requiring strict ...