Is Real Estate an Inflation Hedge?
Inflation can destroy the value of an asset that doesn’t increase as inflation increases. This is especially true in depreciating assets such as cars, bicycles, and boats. The asset needs to have some underlying feature that allows it to increase when inflation increases. When that happens, the asset acts like a hedge, offsetting the value-decreasing effects of inflation.
How Can I Offset or Defer the Sale of Capital Gains on a Business?
are a number of ways to save on capital gains taxes when selling a business or asset. We're going to look at two tax-advantaged ways to structure the sale of a business. One is called the deferred sales trust (DST), and the other is the charitable remainder trust (CRT). Both offer capital gains tax advantages but serve different goals.
Why is Goal Setting Important in The Financial Planning Process?
For many people, even sophisticated investors, the concept of financial planning is intimidating. It may seem unnecessary for those with fewer assets, but it's essential for everyone, no matter the size of your portfolio. A successful financial plan is not a static document but is flexible and subject to change as your goals and circumstances change.
How Does Property Management for Tenants in Common (TIC) Investment Properties Work?
Tenancy in Common (TIC) can be an attractive method for investors to collaborate on the ownership of real estate assets. The structure can accommodate groups ranging in size from two to 35. Each owner holds an undivided fractional share of the assets, but the percentages can be and often are unequal. For example, a TIC group could consist of two friends, each holding fifty percent of the property. On the other hand, if there are ten owners, one could have fifty percent while the remaining nine split the other half.
Do You Pay Capital Gains on Stock Options?
Stock options can be a nice employer perk, but what does that mean for the employees come tax time? We’ll explain capital gains and stock options.
Can a Beneficiary Witness a Will?
A will and testament is an important legal document that allows people to determine how their assets will be distributed after they pass away. The only way to make sure that the will and testament is valid is to have one or more witnesses view the signing of the will. However, not everyone can be a witness. If you're wondering about the possibility of a beneficiary witnessing a will, the following guide provides you with a clear and detailed answer.
What is Schedule C on Tax Form 1040 and What Is It Used For?
Workforce trends continue to shift in favor of the gig economy – roughly 59 million Americans were part of the gig workforce in 2020 and contributed $1.21 trillion, or 5.7 percent, to the U.S. GDP.1
Tenants in Common (TIC) Agreement Form: What Is It and Where Can I Find It?
Tenancy in Common (TIC) arrangements include multiple situations. The configuration can range from two unrelated individuals buying a home to share and live in all the way to 35 people collaborating in the ownership of a significant asset. In any case, the owners each hold title to an undivided, fractional share, and their portions don’t have to be equal. The TIC agreement details the ownership percentages.
What is The First Step in Financial Planning?
The question of what the first step in financial planning is doesn’t have a simple solution. In fact, Forbes’ Finance Council recently asked a selection of financial experts that very question and came up with a diverse group of responses. Their suggestions included these:
Does Sale of Rental Property Go on Form 4797?
Owning rental property can be a great way to earn income, but sometimes investors need or want to sell a property for various reasons. Potential motivators include simplifying your portfolio (or changing the focus), preparing for retirement, and estate planning. Sometimes an investor may need liquid assets for another purpose. Whatever the reason, buying and selling property is an essential aspect of real estate ownership.
