Taxpayer asks: Since 2002, I have owned (via a single-member LLC) an office complex in upstate new york. I purchased it as an investment to
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Ask The Taxgirl: Can You Save Taxes By Treating Your Home As A Rental?
Ask The Taxgirl. Today, I tackle whether it makes sense to treat your home as a rental to save on taxes following tax reform.
Read MoreAsk The Taxgirl: The $10,000 SALT Cap & Vacation Homes
It’s “Ask The Taxgirl.” Today’s question focuses on the $10,000 cap on state and local taxes under the new tax law – and whether it applies to vacation (not rental) property.
Read More12 Tax Tips To Consider When Buying A Shore Or Vacation Property This Summer
Each year on Memorial Day weekend, there’s a giant exodus from much of Pennsylvania towards the Jersey Shore. Some folks head for the glitter and
Read More9 Tax-Related Myths About Selling Your Home
I am moving. It feels weird to finally say that out loud (er, yes, the blog counts as out loud). I have lived in my
Read MoreIRS To Close Offices In Attempt To Cut Costs
With apologies to Norma Desmond: The IRS is big. It’s the offices that got small. The IRS has announced that it is making significant reductions
Read MoreNew Jersey Caps Property Taxes: Will It Be Enough?
Nobody likes a tax hike. It especially hurts when you’re already tops for taxes in the nation. New Jersey, which holds the distinction of having
Read MorePhiladelphia Real Estate Taxes On Their Way Up
I woke up this morning to grumblings on Facebook about Philadelphia’s budget deal: a “temporary” 9.9% increase in property taxes. The “temporary” (cause who really
Read MoreAsk The Taxgirl: Sellers & Homebuyer’s Credit
Taxpayer asks: Do you have any advice for how SELLERS should best take advantage of the credit? Should we advertise about the credit with our
Read MoreAsk The taxgirl: Homebuyer's Credit & Rentals
Taxpayer asks: Does a duplex qualify as a main residence for first time home buyer credit purposes? If the person is going to live in
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