February 19, 2018

The recent tax reform, known as the Tax Cuts and Jobs Act (TCJA), added some good benefits to your real estate rentals, both commercial and residential.

Notably, your qualified business income from your real estate rentals creates a possible 20 percent tax deduction with no effort on your part.

And if you want less taxable income, the TCJA gives you enhanced bonus depreciation and new avenues for Section 179 expe...

February 6, 2018

The recent tax reform added new tax code Section 67(g), which states, “No miscellaneous itemized deduction shall be allowed for any taxable year beginning after December 31, 2017, and before January 1, 2026.”

Holy moly!

John is a W-2 mortgage banker paid on a commission basis, and during 2018, he will incur $27,000 of employee business expenses. His 2018 tax deduction for his employee business expenses will be ze...

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