When the pandemic hit, seems like everyone started working remotely, and created a home office. The IRS lets us write-off that portion of the home for business use. I’m not going to get into the methods or calculations for the deduction, but the tax implication when that home is ... » Learn More about How You Can Be Broadsided By Taxes When You Sell Your Home With A Home Office
Your Tax Benefits; Understanding How Revocable and Irrevocable Trusts Impact 1031 Exchanges
The main difference between a revocable trust and an irrevocable trust is the degree of control that the person creating the trust (the "grantor") has over the assets in the trust. A revocable trust, also known as a living trust, is a trust that can be modified, amended, or terminated by the grantor ... » Learn More about Your Tax Benefits; Understanding How Revocable and Irrevocable Trusts Impact 1031 Exchanges
Change in Home Value After 10 Years
Talk about a winning record! Buying a home and holding it for 10 years has earned a profit every year except one since 1942. Just look at those returns, too! Housing builds significant, long-term wealth. Ron Henderson GRI, SRES, SFR, RECS, CIAS, GREENPresident/BrokerMulti Real Estate Services, ... » Learn More about Change in Home Value After 10 Years
New Free Real Estate Book INHERITED – WILLS, TRUSTS AND REAL ESTATE : INHERITANCE STRATEGIES
Do you know anyone who recently inherited a home, setting up an estate plan, or dealing with the loss of a loved one? I’ve made it my mission to help home sellers & families who may be going through a difficult time and need help to analyze their options regarding their real estate holdings. ... » Learn More about New Free Real Estate Book INHERITED – WILLS, TRUSTS AND REAL ESTATE : INHERITANCE STRATEGIES
Are You Missing Out On Your Property Tax Exemption?
Since 1974, the state of California has offered to reduce the assessed value of any "owner-occupied home" by $7,000. That, in turn, reduces the home’s annual tax bill. You just have to apply once, and the ‘homeowners exemption’ will be applied automatically to your assessment until you move out or ... » Learn More about Are You Missing Out On Your Property Tax Exemption?