On January 18, 2019, the IRS issued the safe harbor for rental real estate to be treated as a trade or business for purposes of IRC 199A's Qualified Business Income 20% deduction.
Real etate professionals, who operate "a rental real estate enterprise... [which is] an interest in real property held for the production...
Showing posts with label rental income. Show all posts
Showing posts with label rental income. Show all posts
Saturday, January 19, 2019
Tuesday, May 23, 2017
23
May
Many homeowners on the East End rent out their property for various parts of the summer season in order to recoup their carrying costs on the property and to have an additional source of income. Some even rationalize their initial purchase of their vacation home by calling it an investment property, where they plan to...
Thursday, December 03, 2015
03
Dec
There is a strong temptation for homeowners to rent out the extra space in their home for a few quick bucks on the side, but long gone are the days where being a part time landlord was as easy as posting a classified ad in the newspaper and watching the monthly rent checks roll in.
With...
Tuesday, September 01, 2015
It may seem homeowners have a money tree at their house. It’s easy, just rent your house for the weekend and the dollars will shake into your bank account. Better yet, companies like Airbnb can facilitate the process and get landlords timely and secure payments, right? Making money is never so easy. Here are five risks...
Thursday, June 04, 2015
04
Jun
If you are counting on rental income, you cannot let a relative stay at your place, even for the weekend.
Read Andrew Lieb's latest article in Behind The Hedges to find out w...
Wednesday, September 10, 2014
Before letting a family member stay at your house, read and share Andrew Lieb's latest article published in the New York Section of the Huffington Post.
The answer depends on two very important factors:
Do you really need the money from your rental?
Are you actually related to your family member?
The comprehensive...
