Real Estate

Real estate investors often hear about the tax benefits of qualifying as a Real Estate Professional (REPS). When done correctly, REPS status can unlock significant deductions, allowing you to offset W2 income with passive real estate losses. But what happens if you claim REPS based on your CPA’s

For real estate investors and commercial property owners, understanding how to maximize depreciation can be the difference between a marginal investment and one that delivers outsized returns. Three tax strategies stand out in this space: When used together, they can significantly reduce

If you're involved in real estate through a partnership or S corporation, IRS Form 8825 (available for download here) is a key tax form you need to get familiar with. While it may not get as much attention as the 1040 or Schedule E, this form plays a major role in how your rental income is reported

Seattle’s rental property market has long been a draw for investors, thanks to strong demand and property value appreciation. But when it comes to taxes, knowing what you can and can’t write off is critical to maximizing profitability and staying compliant. What you can Deduct As a

Being a realtor demands resilience and sharp financial management. The ever-changing housing market can lead to significant income fluctuations, making it essential to plan wisely for both boom years and lean times. Here are some strategies to help you thrive through the real estate

If you’re renting out a property for income, it’s essential to track and categorize certain fees and expenses accurately for tax purposes. Understanding which costs are deductible—and how to allocate them properly—can save you money and keep you compliant with tax regulations. Let’s break down some

As a landlord, reporting rental income accurately on your tax return is a legal obligation, and understanding the associated deductions can significantly impact your financial outcomes. Rental income encompasses more than just the monthly payments you receive from tenants—it also includes advance

For homeowners and real estate investors, tax season can bring a lot of confusion about what’s deductible and what isn’t. Terms like “property tax,” “real estate tax,” and “mortgage interest deduction” are often used interchangeably, but they refer to very different things — and understanding these