Saturday, October 1, 2011
Specialized Tax Info: New Real Estate Investors
Perhaps one shouldn't be surprised that new real estate investors fall into the same tax traps again and again. Real estate burdens investors-especially new investors-with some tricky tax accounting.But just because some other newbie makes these mistakes, that doesn't mean you need to. You just need to know where the traps are so you avoid them. And here are the biggest real estate tax traps you don't want to fall into:Tax Trap 1: Passive Loss LimitationOn paper at least, real estate often loses money. Even if the
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