Kelsea Balde

Real estate depreciation can save you money at tax time Real estate depreciation is an important tool for rental property owners. It allows you to deduct the costs of buying and improving a property over its useful life and lowers your taxable income in the process. KEY TAKEAWAYS Rental property owners use depreciation to deduct the costs of buying

What’s not to love about tax season? The chill you get when you realize you owe the IRS thousands, the fear that you may be getting a bit too aggressive on your deductions, the fleeting hope you’re due for a big return … that’s dashed when you end up with $2… OK, so maybe only accountants love tax season. And here’s another

Successful real estate investors are those who do the essential things right. For instance, business structuring, tax preparation, and deductions management are vital aspects of the real estate business that must be handled scrupulously. And it is on these vital aspects that smart investors outdo the rest of the competition by enlisting the services of professional real estate accountants.

Investment properties come with an incredible number of tax advantages. In addition to all the deductible expenses, real estate investors enjoy far more tax benefits than the typical side hustle allows. In my home city of Baltimore, a self-employed person in the top tax bracket faces an income tax liability of over 60%, while the top

The U.S. tax code can be quite complex in many areas, and real estate is certainly one of them. For one thing, you may have to worry about paying taxes when you sell a property, but the tax treatment depends on the nature of the property, how long you held it for, and a few

Owning real estate is a business just like any other business in that you’re in it to profit. There are three tried-and-true ways to make money–cash flow from monthly rents, appreciation upon resale and tax benefits. Most people know about the first two, but not as many think about the third. The tax code changes