Monday, February 11, 2019
Tuesday, February 05, 2019
Time Records Required For Rental Real Estate Brokers
Attention rental brokers – there is a new Safe Harbor available for your clients to claim qualified business income that is entitled to a 20% income tax deduction set forth at 26 USC §199A and your clients are going to need your help to qualify.
The Safe Harbor, published by the IRS as “Section 199A, Trade or Business Safe Harbor: Rental Real Estate,” treats rental real estate enterprises as a qualifying trade or business for purposes of 26 USC §199A.
Learn how to qualify by reading the full article by Andrew Lieb, Esq. published in the New York Real Estate Journal here.
Thursday, January 31, 2019
Cash Offers on Real Estate Transactions: Option for Acquisition Mortgage Post-Closing
Buyers can pay cash at closing and reap the benefits of obtaining a loan on the property by purchasing a 90-day post-closing loan.
This can be helpful for buyers who want to make competitive cash offers, close quickly and subsequently obtain mortgage interest deduction benefits of the loan according to the IRS, Publication 936.
Read the full article by Andrew Lieb, Esq. published in The Suffolk Lawyer here.
This can be helpful for buyers who want to make competitive cash offers, close quickly and subsequently obtain mortgage interest deduction benefits of the loan according to the IRS, Publication 936.
Read the full article by Andrew Lieb, Esq. published in The Suffolk Lawyer here.
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