What is the Unlimited Marital Deduction?
In the United States, the federal government charges a tax when individuals give money or other items of value to others, whether during the givers’ lifetime or upon their death. These levies are gift and estate taxes, and sometimes inheritance taxes, and in some cases, they can be significant. While gifts to political or charitable organizations are not included in funds subject to gift taxes, many gifts given to other people can be. Here are some of the rules:
Can a Trustee Also Be a Beneficiary?
If you research the definition of “trust” from the Realized website’s glossary, you’ll see different types of trusts; land trusts, living trusts, irrevocable trusts, and so on. Boiling it down, a trust is a relationship in which a trustor (generally the owner of assets) turns over management and holding rights to another entity (known as a trustee).
How Does Government Investment in Infrastructure Help the Economy?
Infrastructure spending has taken center stage in recent years, and the topic garnered even more national headlines in late 2021 when President Biden signed into law the $1 trillion Infrastructure Investment and Jobs Act.
What is Submarket Risk in Real Estate?
Real estate investing involves various types of risks. Categorizing and identifying those risks is one of the first steps to managing them. One risk you are likely to encounter is submarket risk. Virtually every real estate investor is susceptible to this risk since nearly all properties are in some submarket. Let’s look at what a submarket is and how to analyze its risk.
How to Fill Out IRS Form 8949 For The Sale of a Home
When selling a capital asset, the IRS requires you to fill out Form 8949. While you’ve probably sold plenty of capital assets, you may have never heard of Form 8949. That is likely because your accountant handles all of your tax filings or software fills in this form automatically for you. Either way, let’s go over what Form 8949 is all about.
What Is The Difference Between Market Volatility and Market Risk?
Real estate investing isn’t a simple process – we believe it requires strategic planning, knowledge of asset and market fundamentals, capital, experience with real property tax law, and oftentimes even a bit of luck.
What is a 1099-DIV Form and What is it Used For?
If you receive dividends from financial investments during the calendar year, you should receive an IRS Form 1099-DIV in the mail come tax season. The 1099-DIV is an IRS form that financial institutions use to report income from distributions and dividends to taxpayers.
What is a Beneficiary Designation and Who Can Be a Beneficiary?
If you are seeking to grow your wealth through property investment, you may want to consider designating a beneficiary for your holdings. Designating a beneficiary before your passing helps ensure your wealth transfers appropriately in an attempt to avoid potential legal struggles over your estate.
Can You 1031 Exchange Into Fractional Ownership?
The world of real estate investing is one of the most varied asset classes that investors can choose to participate in. While you’re probably already keenly aware of the different types of real estate that you can invest in, it’s helpful to understand all of the ownership structures that exist within the world of real estate investing. It’s also important that you understand what your rights are as a property owner, and how you can use the funds generated from the sale of one property to purchase subsequent properties so your portfolio can continue to expand.
What Is IRS Publication 530?
Filing federal taxes can be a complicated and stressful process. Homeowners may wonder if they qualify for tax deductions or other benefits that lower their tax liability.
