Investment Updates
Don't Overlook The Tax Benefits Of Real Estate
Published Friday, November 16, 2012 at: 7:00 AM EST
Though it was a lesson learned the hard way, Scarlet O’Hara eventually realized the value of land in “Gone With the Wind.” Of course, moguls such as Donald Trump—and many other wealthy investors—have long known the secret to turning rental real estate into profits, and even investors with much lower profiles can benefit from owning property.
What’s more, with the federal income tax landscape changing recently, the tax benefits for real estate will become even more attractive than they have been. The higher tax rates that are coming will effectively increase the tax value of real estate investments, while the basic tax breaks remain intact. Let’s take a closer look at the foundation for this traditional tax shelter.
Four tax pillars of real estate
© 2024 Advisor Products Inc. All Rights Reserved.
More articles
- Where Will You Live After You Retire?
- Who's Going To Pay The 3.8% Medicare Surtax?
- Who's Afraid Of The Big, Bad Medicare Surtaxes?
- Defining Key Terms For The 3.8% Medicare Surtax
- Getting In On The "Ground Floor"
- Four Wash Sale Strategies To Help Clean Up Taxes
- Selling Short And "Short Sales Against The Box"
- There's A Time And Place For Nonqualified Options
- Realize Tax Rewards On Incentive Stock Options
- Discover "Hidden" Tax Break For Company Stock
- Which Retirement Funds Should You Withdraw First?
- Sidestep Tax Pitfalls On Intra-Family Loans
- 6 Ways To Improve Your Credibility In Business
- Cost Basis Methods: Which Is Right For You?
- Watch Twists And Turns To IRA-To-IRA Rollovers