Category Archives: Real estate, investing

The Tax WISard’s Thoughts for Investment Advisors June 2020

Taxpayers pay unnecessary taxes every year because they are ignorant of the tax laws. For example, a tax return client bragged to me about over $50,000 in dividends, all foreign companies. That client paid TWICE as much tax as he … Continue reading

Posted in Business Law, Taxes, Individual Tax, Real estate, investing

REAL ESTATE, INVESTMENTS Sept. 2019

Rental Real Estate Tax Strategies – more advanced Real estate rental properties can be a fine tax shelter and a satisfying way to build retirement income if you know what you are doing. However, watch out for the complexities. The … Continue reading

Posted in Business Law, Taxes, Individual Tax, Real estate, investing

Real Estate Rentals, June 2019

With Tax Reform and all the other changes in the tax law, it is about time to do a general review of the tax rules for rental property owners. This article will get into the basics and the next WealthWISe … Continue reading

Posted in Real estate, investing

Real Estate Transfers at Death Oct. 2018

REAL ESTATE TRICKS AND TRAPS: I bet you can’t guess how many ways there are to transfer real estate at death. You can do it with or without a will, with a defective will, with a tenancy by the entirety, … Continue reading

Posted in Estate Planning & Probate, Real estate, investing

Real Estate, Investments May 2018

TAX REFORM Individual landlords and partners owning real estate should qualify for the new 20% deduction from Qualified Business Income. See the business article above. In the future I hope to have some examples for readers. Meanwhile Installment Sales and … Continue reading

Posted in Real estate, investing, What's New?

REAL ESTATE, INVESTMENTS WW2017_8

EASY AND EFFECTIVE TAX TIPS Avoid gain on older stocks. One of my new clients, Serena Stockholder, is a Federal Express employee and loves to buy Federal Express stock. As a result, she has stock that has been purchased over … Continue reading

Posted in Real estate, investing, What's New?

REAL ESTATE, INVESTMENTS WW2017_7

WHEN IS A DORMITORY A TAX SHELTER? Let’s say that your “child” is a sophomore in college and you are tired of paying rent for his apartment. What can you do? If the ave you considered buying a place for him to … Continue reading

Posted in Real estate, investing, What's New? | Tagged , ,

Don’t be afraid to sell your property. WW2017_1

 Are you afraid to sell one of your properties because of the tax liability? Clients often come to me, worried about this problem. In some cases, they may be right to worry. Taxable gain equals selling price less “adjusted basis.” … Continue reading

Posted in Real estate, investing, What's New?

Airbnb – Save Taxes after Tax Reform

In this article, the author, Wis Laughlin, tells you how to pay the lowest legal taxes on your Airbnb rentals, particularly after 2017 Tax Reform. This article is based on a May 10, 2018, talk at Memphis Investors Group at … Continue reading

Posted in Real estate, investing, What's New? | Tagged ,

Real Estate, Investments WW2016_9

How can you boost your after-tax return on your real estate and other investing? Normally, a taxpayer’s rental property losses are limited to $25,000 per year or less, but a landlord can deduct unlimited rental property losses by qualifying as … Continue reading

Posted in Real estate, investing, What's New?