Who doesn’t love listening to income tax commentary from media types that don’t have the slightest idea of what they are talking about? Well, not me. It’s exhausting. With the latest “news” about President Trump not paying taxes over the course of some recent tax years, let me offer the smallest of small subset […]
Not so long ago (2006 to be specific), real estate investors rushed to Boise, Vegas, Phoenix, etc to buy up property. Budget friendly places? Yes. After looking into it, I discovered the goal was to buy and then sell in a year or two and harvest huge gains. Free money! These “investors” planned to rent […]
This past week, both home owners and property investors alike found a little gift in their mailbox… the 2018 Idaho Property Tax Assessment. These notices over the last six or eight years have soured each Memorial holiday without fail because values have been on a steady rise. For example, the year-over-year 2018 assessment increases in […]
Tax professionals use the term “passive income” to describe real estate investment income because the theory is that it comes in without any work from you (similar to stock dividends). I’m not sure “passive” is the right word, because it sure doesn’t seem like it, but there are several passive elements to owning income property. […]
Despite popular belief, the Internal Revenue Tax Code is actually littered with little golden nuggets of tax relief. Who knew? Some of these nuggets are well known and easy to navigate like the tax deduction for interest paid on your home mortgage. Then there’s Section 1031 of the Internal Revenue Code. Oh sure, the benefits […]
