Tax Deductions for Rental Property!

Every Single Tax Tip for Real Estate!
Can you think of a tax tip that is not already listed here? Let us know!

Schedule E Tax Tips

$25K Passive Activity Loss Limit
50% Rule for Meals & Entertainment
Auto Expenses – Actual Expense Method
Auto Expenses – Standard Mileage Method
Collecting Rent in Advance to Offset Loss Carryovers
Deduct Advertising Expenses
Deduct Cleaning and Maintenance Expenses
Deduct Cleaning and Repair Supplies
Deduct Dues and Subscriptions
Deduct Taxes Paid for Employees
Deductible Equipment Rentals
Deductible Gifts
Deductible Insurance Expenses
Deductible Legal and Professional Fees
Deductible Management Fees
Deductible Mortgage Interest
Deductible Other Interest
Deductible Real Estate Commissions
Deductible Real Estate Taxes
Deductible Sales Taxes
Deductible Start-Up Expenses
Deductible Utilities
Gifts and Entertainment Expenses
Hire Family Members
Hiring someone to Manage Your Properties
Improvements VS. Repairs
Interest on Home Equity Loans are Deductible
Looking for New Property on Vacation
Make Health Insurance a Deductible Expense
Make Personal Interest Deductible Using Equity Loan
Material Participation Causes Non-Passive Treatment
Minimize Income by Delaying Rent Collection
No Loss Limit for Real Estate Professionals and Spouses
Not All Legal Fees Get Expensed Right Away
Points Paid by the Buyer
Points Paid by the Seller
Repairs due to Vandalism can be Expensed Immediately
Spread Out Repairs
SUV Tax Deduction
Traveling Away from Home
Using Repairs to Increase Expenses
Utilities that the Landlord Pays
What Not to Deduct as an Insurance Expense
When to Exclude Rental Income


Depreciation Tax Tips

50% GO Zone Bonus Depreciation
Accelerate Deductions using Segmented Depreciation
Death, Taxes, and Depreciation – Tax Planning
Depreciation Tax Deduction IRS Form 4562
Loan Costs and Amortization
Maximize Depreciation Deductions with Closing Costs


1031 Exchange Tax Tips

1031 Exchange on your Principle Residence
1031 Exchange Tax Planning
Avoiding Capital Gains Taxes Forever
Tenants in Common
How to Calculate Capital Gains and Minimize Taxable Boot


Property Sale Tax Tips

Avoid Capital Gains Tax on Rental Property you Want to Sell
Avoid Real Estate Loss by Converting Property for 2 Years
Minimize Capital Gains Tax Using Deduct Closing Costs
Sell Property to Yourself Using an S Corp
Universal Exclusion for Sold Rental Property


Installment Sale Tax Tips

Benefits of Installment Sale
Charge Your Own Mortgage Interest
Minimize Taxes Using an Installment Sale


Other Real Estate Tax Tips

Hire Family Members
Home Office Expenses
Pay Children, Open IRA for Kids
Property Damage & Casualty Losses
Turn 20K into 6M in 20 years

All Real Estate Tax Tips, A-Z

Original article posted at www.trexglobal.com, featuring property management articles and resources, and simple web tools for real estate investors.

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CWREIA Meeting

March 23, 2010
6:00 pmto9:00 pm

Tuesday, March 23rd, 2010
Dinner 6:00 p.m.
Meeting 7:00 p.m.
Round Table Pizza
1300 N. 40th Avenue

(Fruitvale & 40th)

Guest Speaker: Fulcrum Environmental

Topic: Overview of the new lead-based paint law from the Renovation, Repair & Painting Program which takes effect starting April 22nd, 2010 which affects anyone who disturbs more than 6 ft. of interior space or 20 ft. of exterior space, and/or is replacing any doors or windows in pre-1978 housing.

All construction trades people who work in homes built before 1978 need to be certified.

Yakima Valley Landlords Assoc. Meeting

March 18, 2010
6:00 pmto8:15 pm

Sage Restaurant & Wine Bar
(4000 Creekside Loop, near 40th Ave. & Washington Ave, Yakima)
6:00 Dinner & Social / 7:00-8:15 Program
No reservations needed, no cost to attend if you’re not eating

Main Speaker: Officer Terin Miller of the Yakima Police Dept. Gang Unit
Topic: Unit Update and Q&A

Timely Topic: Dean Peters from Sherwin Williams Paint
Topic: Anti-Graffiti Paint Coating

Cash Flow Game

March 16, 2010
6:00 pmto9:00 pm

Tuesday, March 16th, 2010
6:00-9:00 p.m.
River Ridge Restaurant
(Golf Course Loop, Selah)

Real Estate Trends Investors Need to Know

Business Graph
Image by nDevilTV via Flickr

If you’re serious about investing in real estate in the current market, you need to know what’s going on and stay on top of the real estate trends.

The bottom line is this: The business of real estate is changing at a lightening – and unprecedented – pace!

Never before in our industry history have we seen such rapid changes in, not only the market, but also in legislation, rules and regulations, technology and tools, and anything else you can think of for that matter.

Now don’t get me wrong, we have definitely seem some ups and downs in real estate over the years, but nothing like what we are seeing now industry-wide. It’s not just property values anymore that we’ve got to pay attention to.

Sure, there are things that are working in our favor and there are things that we need to keep a watchful eye on… things that could do permanent damage to your real estate business and, in some cases, even wind up getting you into some serious legal trouble. Yes, I realize that’s a little harsh, but it can become reality if you’re not on top of the latest rules, regulations, legislation and guidelines.

Here are 5 reasons you must keep you real estate business and education current!

  1. New Legislation and Rules
    Along with the vast market changes we have seen over the last few years, the rules of the game have changed drastically as well. While some of the new rules and legislation are good; some can put you in jail if you don’t know them!For instance, a few years ago, virtually anybody could do a loan modification for a homeowner and charge a fee. Now… in many states, that’s illegal!

    On the flip side… here’s something that can HELP you do more deals…

    Did you know that the Federal government recently eliminated the 90-day seasoning guidelines for all federally insured or backed loans?

    Or how about the fact that in 2010, there is a MAJOR change in the estate tax…

    Do you know the latest laws? Are you on top of the changing rules in the industry? Are you maximizing all of the things that you have at your disposal.

    You definitely don’t want to find out the hard way!

  2. Updating Your Strategies
    Have you changed the way you’ve been doing business over the last few years?Anyone who tells you that different real state strategies are not made for certain types of market conditions wouldn’t be telling you the whole truth. While holding true that most strategies will work in most markets, the reality is there are certain ones that do work better under certain types of market conditions and won’t leave you and your business swimming up stream!

    One great example of this is the REO market.

    Just a few years ago REOs virtually didn’t exist. And if you did find one, the probability of it actually being a great deal weren’t that good. The banks didn’t have to really negotiate at all and these properties were really only REOs by name, not value.

    Today, REOs are everywhere and make up a significant portion of market share. At a MINIMUM, you’ve got to understand what they are, how they work, and how they play into your own business. REOs are actually a must have in your real estate tool kit in the current market.

  3. New Tricks of the Trade
    New tools to help with your real estate businesses are hitting the market at a record pace as well.At first glance, you may be thinking “The tools I’ve been using for years seem to work?”And maybe they do for short-term, but to truly optimize your business and your dollars, you need to be aware of the new tricks of the trade to modernize your business.

    There are 3 new tools that have saved and made my business thousands and thousands of dollars over the last few years and can have an immediate positive effect on your business and that cost virtually nothing.  Are you staying on top of the tricks of the trade?

  4. Keeping Up with the Joneses
    Unfortunately, keeping up with the Joneses is not longer an option for your real estate business.It’s now a must if you want to have a real estate business anymore. Strategies for find motivated buyers and finding motivated sellers have changed drastically over the last few years. While some of the “old school” techniques still do work well like direct mail, you still must have multiple strategies if you want to not be left with the scraps.

    The cool part about this, however, is that many of the tried and true strategies work… but need just a little twist!

    It has never been more critical to keep your real estate business up-to-date with the latest strategies. Are you?

  5. The What’s Working NOW Dilemma
    The biggest problem that most investors face is that they are always behind the curve. People are out in the trenches, making money – lots of it! And they’re working on what’s current.Most of the time, by the time you learn about them, they’re yesterday’s news! It’s just how it works… HOWEVER, if you can find someone that’s actually doing what you want to do – and is willing to teach you – YOU get to leapfrog over the competition (This is actually what we’re doing with our VIP Expert Monthly training calls inside our Members Site).

    You see, I’ve always felt that the best way to learn to do something was to find a REAL expert. Sure, courses are great and I buy tens of thousands of dollars of materials each and every year, but if you can find someone that’s DOING exactly what it is you want to learn, and you can get them to tell you, you literally eliminate the learning curve and you also don’t get stuck with the extra info that’s not relevant!

To use this article on your website or blog, you must include the following: Learn REO Real Estate Investing Techniques That Work In Today’s Market and Gain Access to Real Estate Investing Tools, Tips, and Technology, Get Your FREE Instant Access to Our Brand New Real Estate Investor Video Training Series. Click Here Now => http://www.RealEstateTrainingAcademy.com

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What’s New!

New members can now subscribe to receive meeting reminders by email using the form on the Welcome page.

Looking for guest speaker information? Just click on Guest Speakers in the Categories sidebar to see their posts.

If you have any problems, questions or suggestions regarding the new web site please email me at dschulte2001@aol.com.

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