Taxes When Selling Your Home
Authored by Haynie & Company Partner Bernard Abercrombie, CPA.As you are aware, the real estate market has been on quite a ride over the last year or so. Market data...
19 September, 2022
Real Estate Tag
Real Estate Like-Kind Exchange
Authored by Haynie & Company Senior Tax Manager Greg Ward, CPA Taxes on Real Estate Sales For taxpayers that invest in real estate or use real property in a business, gain recognition...
22 August, 2022
Saving Taxes on Your Home and Other Real Estate
View Real Estate Tax Planning GuideThere are many ways you can maximize the tax benefits associated with owning a principal residence, vacation home or rental property. Tax planning is also...
09 February, 2022
President Biden Unveils His American Families Plan
(authored by RSM US LLP) Biden’s plan to grow the middle class, expand economic growth to all Americans and leave the US more competitive funded with tax changes....
29 April, 2021
Error Fixed for Bonus Depreciation for Qualified Improvement Property
Bonus Depreciation for Qualified Improvement Property – Technical Error Fixed Due to a technical error in the December 2017 tax act, qualified improvement property placed in service after December 31, 2017,...
06 January, 2021
Solar Tax Credit is Sunsetting Soon
A federal tax credit for the purchase and installation costs of a residential solar system is fading away. After being 30% of the cost for several years through 2019, the...
10 December, 2020
Real Estate: QIP Depreciation Changes
Earlier this year, Congress finally passed legislation that corrects a drafting error related to real estate qualified improvement property (QIP). The correction is part of the CARES Act. It retroactively...
06 November, 2020
Taxes: Rental Property Requirements
Rental Property Requirements 2019 implements a new set of rules relating to rental properties that we must start following in order to try to qualify for the favorable “20% Qualified Income...
01 May, 2019
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