All Posts in Category: Tax Tips

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Income Tax Savings: Take Advantage of Bonus Depreciation

The new tax law allows Bonus Depreciation on used equipment and equipment affiliated with residential rental real estate providing significant tax benefits for investors who purchase or place-in-service buildings and building components after September 27, 2017, according to  Tom Wheelwright, CPA (https://wealthability.com/tom/). Investment real estate has 4 components: Land –  not depreciable, Building  –  depreciated…

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New Tax Law Affects Apartment Property Owners

Congress and the President gave the country a huge Christmas present with the signing of the “Tax Cuts and Jobs Act” on December 22, 2017.  We have all heard varying accounts about this new tax law; but what is the impact for rental property, apartment property, and commercial-investment real estate owners and managers? Our models…

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Security Deposit Interest Rate for Maryland Residential Tenants

Landlords must pay 2.6% interest on residential security deposits for calendar year 2019.  Interest is computed monthly.  The rate is mandated by Maryland Law to be the greater of 1.5% or the US Treasury Yield Curve Rate for 1-year on the first business day of each year.   Click here: https://www.treasury.gov/resource-center/data-chart-center/interest-rates/pages/textview.aspx?data=yield On January 2, 2019,…

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