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Real Estate

Are You Taking Advantage of the Short-Term Rental Tax Loophole?

Are You Taking Advantage of the Short-Term Rental Tax Loophole?

Last updated on July 3rd, 2025Summer is upon us, which means that we are entering peak season for short-term rental (STR) investors. Millions of traveling families and friends will be flocking throughout the country for summer getaways, many booked at STR properties on digital platforms like Airbnb and Vrbo. STRs
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Capital Gains Tax Exclusion on Home Sales: Overview and How You Can Qualify

Capital Gains Tax Exclusion on Home Sales: Overview and How You Can Qualify

Are you planning to sell your home? You may be able to exclude a portion of the profit of the home sale from your taxable income through the Section 121 exclusion. Let’s explore some of the details of this tax-saving tool and how you can qualify. How are capital gains
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Making the Most of Cost Segregation and Bonus Depreciation in 2025

Making the Most of Cost Segregation and Bonus Depreciation in 2025

If you are a real estate professional purchasing, constructing, renovating, or expanding a property, you may be able to maximize your tax deductions through a cost segregation study. With bonus depreciation set to phase out fully by 2027, you might want to consider conducting a cost segregation study sooner rather
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The Low-Income Housing Tax Credit Program: Why You Need a LIHTC-Certified CPA on Your Team

The Low-Income Housing Tax Credit Program: Why You Need a LIHTC-Certified CPA on Your Team

The Low-Income Housing Tax Credit (LIHTC) offers tax credits to real estate developers for constructing, purchasing, or renovating rental housing for low-income individuals and families. A LIHTC-certified professional determines whether applicants are eligible for the Low-Income Housing Tax Credit and ensures that tax credit properties remain in compliance with IRS,
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Real Estate Professional Status: What Are the Benefits and Do You Qualify?

Real Estate Professional Status: What Are the Benefits and Do You Qualify?

Do you own and manage real estate properties as your primary occupation? If so, you may qualify for real estate professional status (REPS). Real estate professional status is a tax designation with the potential to reduce the tax liability of real estate professionals significantly. To qualify for and maintain real
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Map of Qualified Census Tracts (QCTs)

  • Move map to NY and scroll to zoom in
  • Under Map Options select “Color QCR Qualified Tracts”