In the case of non-cash charitable gifts you need to be careful not to fall into several tax traps that may limit your deduction.
How you define “Real Estate Investor” and “Real Estate Dealer” can make a huge difference in your taxes. Let’s take a look at how big a difference you can make in the tax bite. Say you have a $90,000 profit on the sale of a property. • Dealer taxes could be as high as $46,017. •…Capital gain, dealer, Real estate, real estate professional