What is Deceased Spousal Unused Exclusion (DSUE)?

Estates are exempt from taxes upon death up to a certain amount. For 2022, the exemption is $12,060,000. Estates valued under this amount don't have to pay estate taxes. What happens to the remaining amount of the exemption for those estates that are less than the exemption? Does it go unused? This is where the Deceased Spousal Unused Exclusion comes in.

What Is a 1099-MISC Form, and What Is It Used For?

The IRS seems to like the numeric designation 1099, judging by how many versions they have produced. There are 21 different versions of the 1099-form.

Does a Rental Property Fall Under Section 1245 or Section 1250?

Section 1245 and Section 1250 refer to two of the three most common types of business assets. It's essential to identify the type because, in some cases, that will affect the taxable rate applied to any gain.

Is Inheritance Taxed as Income?

Leaving an inheritance to your loved ones is an excellent way to care for them after you’re gone. However, you may wonder if your beneficiaries will have to pay taxes on the assets they receive as part of your estate.

What Is Ad Valorem Tax, and How Do You Calculate It?

An ad-valorem tax is a tax that is levied on the assessed value of real or personal property. The Latin term ad-valorem translates to English as “according to value.” These taxes can be annual taxes like property assessments or transactional taxes like sales taxes.

What Is Tax Assessed Value, and How Do You Calculate It?

Paying taxes is unavoidable in making money, whether you earn income through wages or investments. However, investors can seek to manage their tax liabilities through various means, including deferral. One valuable tool is understanding the different taxes, how they apply to your investment holdings, and how the tax amount is determined.

What Is Net Operating Income on a Rental Property?

If you google the term “metrics used for rental properties,” the 54 million results offer a plethora of acronyms and phrases, presented as thought leadership articles and blogs in the format of “Top-10” listicles or “important metrics” information..

Is Foundation Repair Tax Deductible on a Rental Property?

We’ve mentioned in previous blogs that investment in real estate—specifically, real estate that you buy as an investment and rent to others—comes with a plethora of deductions that can be used to offset income reported on your annual tax return.

How Can I Shelter My Income from Taxes?

Mention the term “tax shelter” and what might come to mind are millionaires and billionaires who turn to offshore accounts (or Switzerland) to stash their funds so the U.S. government doesn’t tax them.

[Webinar Recap] How to Treat Your DSTs During Tax Season: Calculating Your Depreciation Schedule

Here at Realized, we help our clients use 1031 Exchanges to invest in DSTs, or Delaware Statutory Trusts. DSTs are an investment vehicle that allow investors access to fractional ownership of professionally managed commercial real estate. By having fractional ownership of a property, an investor can potentially build a unique portfolio of real estate investments without having to manage the properties themselves or secure the entire financing for the investment upfront.

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