Categorized | Casualty

Overlooked Tax Deductions: Gambling Losses

Overlooked Tax Deductions: Gambling Losses


 

How Landlords Can Write Off Rental Property Losses
There are strict limitations on losses from investments in tax shelter deals, such as limited partnerships. Generally, tax shelter losses can be offset only against income from similar investments. Shelter losses can't be used to wipe out taxes on …
Read more on Accountingweb.com

Top 5 Risks for Airbnb Landlords in the Hamptons
Perhaps the reason that Airbnb doesn't collect this tax is that bungalows (i.e., single-family living) are not taxable where no housekeeping, food or other common hotel services are available. However, hosts (i.e., landlords) would be best served to …
Read more on Huffington Post

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