Don’t Get Caught Flat-Footed With The New Housing-Related Tax Rules
March 12, 2019
Let me start this article with a big fat disclaimer: I’m not a CPA, tax attorney, or any type of tax specialist. Any information presented here is based on my personal best understanding and should not be used as specific tax advice.
With that said, here’s a quick summary of what’s new:
Those are the two new tax rules affecting property and mortgage. There are a lot of other rules including some very favorable rules about business vehicle use depreciation for business owners. I do recommend talking to one or more tax experts before filing. I also recommend talking to them as you are planning out your year. Being prepared and aware of all the rules, let’s you play the game by playing the rule book instead of doing the same thing you did in prior years. That’s how the professionals do it!
Speaking of professional, check out a virtual reality tour of our latest investment property remodel at 5673 Marne Ave, 92120. Professional grade rehab and sale means a very happy new family in the neighborhood and higher property values for everyone in the area!
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