As home values rise, the federal home sale exclusion may no longer be enough to eliminate capital gains tax when a property is sold or inherited. The difference between a...
Authored by Haynie & Company Partner Bernard Abercrombie, CPA Over the last few years, many of our clients have found themselves with large taxable capital gains. Though there are lower capital gains...
As the owner of a principal residence, vacation home, or rental property, there are numerous ways to maximize tax benefits and profit from your investments. Careful tax planning is also...
Rental Real Estate: How to Determine if A Property is A Business Or An Investment If you own rental real estate, its classification as a trade or business rather than an...
Authored by Haynie & Company Partner Bernard Abercrombie, CPA A taxpayer’s ability to claim certain business and investment losses on their personal returns has been a significant topic over the last...
The COVID-19 pandemic has required many people to work remotely, either from home or a temporary location. One potential consequence of remote work may surprise you: an increase in your...