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Richard A. Anderson's Tax Blog | Tax information for real estate professionalsTax information for real estate professionals (by Richard A. Anderson, CPA)
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Tax information for real estate professionals (by Richard A. Anderson, CPA)
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Taxation of Tenant Security Deposits | Richard A. Anderson's Tax Blog
https://raatax.wordpress.com/2010/09/21/taxation-of-tenant-security-deposits
Skip to search - Accesskey = s. Richard A. Anderson's Tax Blog. Taxation of Tenant Security Deposits. By Richard A. Anderson, CPA on September 21, 2010. Rental property owners typically require tenants to pay a rent deposit when they first rent a unit. In this post we will discuss some of the issues involving the taxation of the deposits and when they should be included in your income. When you do your bookkeeping the cash should be recorded in the bank account and the other entry should be to a liabilit...
Capitalize or expense repair costs on rental properties? | Richard A. Anderson's Tax Blog
https://raatax.wordpress.com/2010/04/16/expense-or-capitalize-repair-expenses
Skip to search - Accesskey = s. Richard A. Anderson's Tax Blog. Capitalize or expense repair costs on rental properties? Posted in Rental Real Estate Taxation. By Richard A. Anderson, CPA on April 16, 2010. A question that comes up frequently is whether a given repair or upgrade on a rental property should be treated as an expense or capitalized and depreciated. In this post we will look at some common situations and discuss how they are reported on the tax return. For a residential rental unit items suc...
Deductiblity of payments to tax-exempt entities | Richard A. Anderson's Tax Blog
https://raatax.wordpress.com/2010/04/22/deductiblity-of-payments-to-tax-exempt-entities
Skip to search - Accesskey = s. Richard A. Anderson's Tax Blog. Deductiblity of payments to tax-exempt entities. Posted in Rental Real Estate Taxation. By Richard A. Anderson, CPA on April 22, 2010. Clients often have questions regarding the deductibility of money paid to various sorts of organizations whether as part of their real estate activities or as a personal expense. In this post we will look at a few common situations and see how these expenditures are treated for tax purposes. Keep in mind that...
What is Adjusted Basis | Richard A. Anderson's Tax Blog
https://raatax.wordpress.com/2010/09/21/what-is-adjusted-basis
Skip to search - Accesskey = s. Richard A. Anderson's Tax Blog. What is Adjusted Basis. By Richard A. Anderson, CPA on September 21, 2010. In this article we will discuss how adjusted basis is used in the calculation of taxable gain on a sale and how it is determined. If the property was purchased by you the basis (before adjustments) is what you paid for it. If the property was a gift your basis is whatever the giver had for basis at the time of the gift. If the property is inherited the basis i...Vario...
LLC’s and liablility insurance for rental properties | Richard A. Anderson's Tax Blog
https://raatax.wordpress.com/2010/04/23/llcs-and-liablility-insurance-for-rental-properties
Skip to search - Accesskey = s. Richard A. Anderson's Tax Blog. LLC’s and liablility insurance for rental properties. Posted in Rental Real Estate Taxation. By Richard A. Anderson, CPA on April 23, 2010. On April 22 I attended the membership meeting of the Rental Housing Association of Puget Sound and participated in a meeting which featured a discussion of the role of Limited Liablilty Companies (LLC’s) and insurance in limiting the risks to rental property owners. The presenters were Denise Redinger.
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Richard A. Anderson, CPA. We are a small CPA firm located in North Seattle that provides tax preparation and small business start-up assistance to a variety of individuals, businesses and non-profits, with an emphasis on assisting real estate professionals such as rental property owners and real estate agents. We also gladly assist clients who have not filed their tax returns on time and need to catch up on their filings. For current information and discussions regarding tax issues please visit my blog.
Richard A. Anderson's Tax Blog | Tax information for real estate professionals
Skip to search - Accesskey = s. Richard A. Anderson's Tax Blog. Real Estate as a Trade or Business? Posted in Rental Real Estate Taxation. By Richard A. Anderson, CPA on September 3, 2011. In a recent post we discussed whether you can take a. Business use of home deduction for a home office used to handle the. Administrative duties associated with managing your rental properties. In this article we will discuss the issue in. Greater depth and look at whether rental real estate is considered a trade or.
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