Form 709 is an annual federal gift tax return filed by individuals. This sample Form 709 covers a scenario where a taxpayer gifts real property assets which must be disclosed on Form 709.
Rental real estate investors must generally treat their investment as a passive activity subject to the passive activity loss rules. There is a special allowance for owners that actively participate in the rental operation.
In general, rental real estate activity is not a qualified business for purposes of the Section 199A deduction. There is a safe harbor available for taxpayers that want to treat rental activity as QBI.
Real estate taxes and property taxes are not necessarily the same thing. Real estate taxes apply to real property assets while property taxes can apply to tangible or intangible personal property assets. This article and video discusses some of those primary differences.
Many individuals and companies invest in rental real estate property. Here are the top 7 most common tax deductions that rental property owners need to make sure they claim on their tax returns.
The U.S. real estate market is an attractive investment opportunity for many non-U.S. individuals and businesses. This article and video discuss the rules and tax implications for non-U.S. investors in U.S. real property assets.
