Month: February 2023

Man waiting to be a real estate professional

How to qualify as a real estate professional on your tax return

If you own rental property or are involved in real estate investments, you may be able to take advantage of the tax benefits associated with being a real estate professional. However, in order to qualify as a real estate professional under IRS rules, you must meet certain requirements. In this article, we will discuss the …

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Man stopping a river of money from flowing away

QCD – if you are approaching retirement age, stop donating to charity

Qualified charitable distributions are a way for people over the age of 70.5 to donate to charity in a tax efficient way. Making charitable donations efficiently in a tax efficient way means you can save more for personal use or even just donate more to the charity of your choosing. Here’s how it’s done and …

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