Real estate

Introduction Real estate can be an excellent investment, but how the IRS views your actions will have an effect on your taxation. The question of whether you are a real estate investor or a real estate dealer will affect how you pay tax and benefit from tax incentives. It is important to understand the distinction…

Introduction There are various tax benefits provided by the REPS classification to any individual involved in real estate ventures. First of all, an important benefit that comes from being classified as REPS is the classification of the rental real estate loss as non-passive loss, which enables one to apply these losses against income from another…