How Do Tenants In Common File Taxes?

How Do Tenants In Common File Taxes?

You may be familiar with the structure of a tenant-in-common arrangement, better known as a TIC. Under a TIC structure, each co-tenant or co-owner has an undivided, fractional share in a particular property.

Jul 11, 2024

Can I Invest Non-Capital Gains into an Opportunity Zone?

Can I Invest Non-Capital Gains into an Opportunity Zone?

The Opportunity Zone program has been around for close to five years. Yet some questions remain about this initiative, including investment deadlines and what benefits can be realized from participation.

Jul 9, 2024

Capital Gains Tax on Real Estate: What You Need To Know

Person looking at papers and typing numbers into a calculator

The idea of capital gains tax can hamper the prospect of selling a property and gaining profit. Having to pay capital gains tax affects your net profit from selling the real estate property.

Jul 8, 2024

How Long After a Person Passes Away Will a Beneficiary Be Notified?

When a person dies, any assets they've accrued over the years can be distributed in an orderly manner if a last will and testament was made before the decedent passed away. If a last will and testament wasn't made, the assets could be controlled by the state in which the decedent resided before distribution.

Jul 6, 2024

How Are Pensions Paid to Beneficiaries?

How Are Pensions Paid to Beneficiaries?

Financial security in retirement is a paramount concern for many Americans.

Jul 4, 2024

Can I Buy A Business With A 1031 Exchange?

Can I Buy A Business With A 1031 Exchange?

A 1031 exchange is commonly used for real estate investment transactions but can also be used to buy a business.

Jul 3, 2024

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