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Deducting Start-up Expenses for a Rental Property

Deducting Start-up Expenses for a Rental Property

Tags: CPA Sarasota, QuickBooks Bookkeeping, real estate taxes, Tax Planning Are you interested in becoming a commercial or residential landlord? If so, you’ll likely have to shell out plenty of money before ever collecting a dime in rent. The tax code treats some of...
Key Insights into Depreciation

Key Insights into Depreciation

Tags: real estate taxes, Sarasota CPA, Sarasota Quickbooks, Tax Planning Here are some key insights into depreciation, particularly regarding business or rental assets. When Does Depreciation Start? Technically, depreciation begins not when you use an asset but when...
Holding Real Property in a Corporation: Good or Bad Idea?

Holding Real Property in a Corporation: Good or Bad Idea?

Tags: QuickBooks Bookkeeping, real estate taxes, Sarasota CPA, Tax Planning As the real estate market has cooled off in many parts of the country, investing in real property may seem wise in the long run. But taxes can be a significant concern. C Corporation Owning...
How to Section 1031 Exchange into a Delaware Statutory Trust

How to Section 1031 Exchange into a Delaware Statutory Trust

Tags: QuickBooks Bookkeeping, real estate taxes, Sarasota CPA, Tax Planning As you likely know, the Section 1031 tax-deferred like-kind exchange is one of the greatest wealth-building mechanisms for real estate investors. With Section 1031, you can avoid taxes on all...