Want to Leave the U.S.? You May Have to Pay These Taxes
When you leave the U.S. to live in another country, you essentially have two choices from a tax perspective, both of which can cost you a pretty penny. First, you can simply leave the country and take up residence elsewhere. But if you choose this option, beware: the U.S. continues to tax you on your […]
Defining “Real Estate Investor” and “Real Estate Dealer”
I have great news! You can have in your real estate portfolio both investor and dealer properties. This distinction is significant for tax purposes. Here’s a snapshot of the potential tax differences: Suppose you profit $90,000 from a property sale: As a dealer, your tax could be up to $46,017 if you’re […]
5 Ways To Reduce Taxes On Real Estate Investments
Like every investment opportunity, real estate has the potential to make investors a lot of money—but it can come with unexpected tax liabilities. Investors and property owners can help reduce their tax burden by applying strategies designed specifically around their investments and assets. From managing ownership to selling properties in installments, here are the five […]