by CPA | Oct 25, 2018 | CPA Services, Real Estate CPA
The Tax Cuts and Jobs Act was signed into law on December 22nd, 2017. It overhauled the Internal Revenue Code and provided broad tax relief to workers, families and businesses of all sizes. It lowers tax rates for individual and business taxpayers, and eliminates or...
by CPA | Oct 18, 2018 | CPA Services, Real Estate CPA, Rental Real Estate CPA
According to the CPA Journal, Home sellers can exclude (not defer) up to $250,000 of housing profits from capital gains tax; married couples who file a joint tax return can exclude up to $500,000 of housing gains. In the case of a married couple, either or both...
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