tax savings - Articles

How 'Accidental Landlords' Can Turn Losses Into Tax Savings

Shutterstock By Leonard Baron So you've just joined the world of being an "accidental landlord." Maybe you had to relocate, or perhaps you had to downsize. Now you're renting out your personal residence or second home instead of selling it. So what's a landlord to do? Fortunately, most rental property ownership will... Continue Reading »

Big Home Sales, Big Tax Savings

By Les Christie Sales of luxury homes spiked in the final months of 2012, as high-end homeowners rushed to take advantage of lower tax rates before Jan. 1. By selling their luxury homes before the end of 2012, these wealthy homeowners avoided two tax increases on Jan. 1 and a huge payout to the IRS. Not only were... Continue Reading »

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