With six days to Florida’s primary, Democratic Rep. Kendrick Meek is pulling out the big guns in his tough battle for the U.S. Senate nomination against new-comer Jeff Greene, a billionaire real estate mogul who made his fortune betting home mortgages would fail and has spent millions on TV ads against Meek.
…”Look, did I have parties on the yacht? We had parties,” he said. “Did we have parties like they are describing? Absolutely not. And there is no pictures. That is what I’m saying. There were never any pictures of anything.”…
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Reports of Sex Parties Rock Fla. Senate Primary
The benefit to declaring “Real Estate Professional” status is that all real estate losses can be claimed against income in that year, without limitation based on AGI. If interested in Bulk REO Investor, Contact BMI Investment Capital at 8009035956 for more details.
…One of the biggest challenges real estate investors face is keeping the profits that they earn from their investments. Just like any other business, the IRS is going to want to take as big a chunk of your profits as possible, and knowing how to use the system to your advantage will help you keep as much of your hard-earned investing cash as possible.
One of the best ways to limit the financial impact of taxes when it comes to real estate investing is to be able to claim Real Estate Professional status on your tax returns. If you can do this (and that’s a big IF), you have some hefty tax advantages you can leverage to keep more of your investment profit. That said, there is a lot of misinformation about what it means to be a Real Estate Professional, so hopefully I can cover the basics here.
First, let me take a minute to explain in more detail the advantages of claiming Real Estate Professional status on your tax returns:
If you invest in real estate part time (not a professional), you may be able to deduct…
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The Basics of "Real Estate Professional" Status for Tax Purp
