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Straight Answers to Real Tax Questions.
Plain-language guides on real estate tax, planning and money, from a CPA. New posts regularly.
REAL ESTATE
Repair or Improvement? How to Tell for Your Rental
Whether a rental expense is a repair or an improvement decides if you deduct it this year or depreciate it over 27.5 years. Here's how to tell, plus three safe harbors.
REAL ESTATEWhat Happens to Depreciation When You Sell a Rental
Depreciation lowers your taxes while you own a rental, then some of it is taxed back when you sell. Here's how depreciation recapture works, with an example.
PERSONAL & BUSINESSQuarterly Estimated Taxes: Who Pays and How Much
If you have rental, business or side income, you may need to pay estimated taxes four times a year. Here are the due dates and the safe harbor rules that prevent penalties.
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