NOTE: For the latest data, please take a look at our Tax Procrastinators 2024 report. Let’s face it, no one really looks forward to filing their taxes. Between the time, the paperwork and the thought of potentially owing money to the IRS, most Americans may want to...
Whether you’re looking to become an investment property owner, or are looking to buy additional investment properties, large cities can offer a number of benefits. From high-rises to single-family homes, large cities provide more diverse housing options as well as...
Being an investment property owner can be a lucrative way to bring in extra income, or even lead to a full-time job, but the key is to know where and when to invest. In order to determine the best cities to buy an investment rental property, we recently analyzed home...
A 1031 Like Kind Exchange transaction requires planning, expertise and support. Here’s a checklist outlining key steps in your exchange. How to do a 1031 Exchange Choose your 1031 Qualified Intermediary (QI) Consult with your tax professionals Include Cooperation...
Tax Straddling – Pay Taxes in 2020 or 2021?When a 1031 Exchange is opened in the later part of the year, a seasonal treat worth mentioning is “tax-straddling”. If that exchange is successfully completed, those taxpayers defer taxes to receive the benefits of the...
Since its founding in 2008, the popular accommodation service Airbnb has grown to a multi-billion dollar company and allowed investment property owners to rent out their homes, apartments and condominiums to guests all over the country. Investment property owners in...
Where has the vacation home market grown the most? We were curious to find out, so we analyzed the total number of vacation homes in every state and calculated the overall growth since 2009. Surprisingly, it’s not Florida or California, but Montana that tops the list...
