Do you owe tax when you rent out your vacation home? It depends on how many days. Understanding vacation home rental tax starts with one number: 14. Rent the place 14 days or fewer a year and the income is tax-free; rent it more and the income is taxable — but you can deduct expenses,…
Can you defer tax when you sell investment property? Often, yes. A Section 1031 exchange lets you defer capital gains tax when you swap real property held for business or investment for like-kind real property. The trade-off: strict deadlines — 45 days to identify a replacement and 180 days to close — and, since 2018,…
Are Alternative Investments Coming to Your 401(k)? The regulatory landscape for retirement plans is undergoing massive shifts. Let’s dive into what recent changes mean for offering crypto, real estate, and other alternative assets in company 401(k) plans, balancing employee demand with strict fiduciary risks. Hey everyone! 👋 Have you ever logged into your…
