• Articles

    5 Reasons to Buy Rental Real Estate | Mark J Kohler | CPA | Attorney

    Hi, Mark, Kohler here with another tax and legal tip, now I want to give you five reasons Why you should be buying rental real estate, and I’m not a real estate broker or agent I’m your tax advisor wanting to help you build wealth and save taxes and before I list these five I want to give a disclaimer here. [I’m] not saying you’re going to put all your wealth in real estate You’re going to be diversified You’re going to have an emergency fund you’re going to be building a retirement account [there’s] going to be a variety of strategies [you] might use to also get real estate…

  • Depreciation 102: Real Estate Depreciation
    Articles,  Blog

    Depreciation 102: Real Estate Depreciation

    Welcome to another edition of Tuesday Tidbits where we make tax and accounting simple. I’m your host Charles D. Shapero, CPA with Widget Bookkeeping & Tax, and today we’re going to talk about the depreciation of Real Estate. A lot people, a lot of our clients buy rental real estate, whether it be commercial or residential. And that’s really how they’re broken out. When you depreciate residential real estate, say we have an apartment building that we’re renting, that buidling gets depreciated over 27 1/2 years, if you’re doing commercial, like a strip mall, that is 39 year property. But that’s not all, I just kinda lumped them into two…

  • Realtors and Re-habbers – The New Tax Reform | Mark J Kohler | CPA | Attorney
    Articles,  Blog

    Realtors and Re-habbers – The New Tax Reform | Mark J Kohler | CPA | Attorney

    Hi mark Kohler here with another important tax and legal tip for my realtors and re-habbers. Yes, those small business owners I love that are out there creating ordinary income doing real estate transactions every day now. This is exciting there’s some good things in the new tax reform for the realtor rehabber, but believe it or not they’re different and It’s almost worse for the realtor in some ways So let’s break it down and see what you need to know when it comes to filing your taxes so our two groups And they’re gonna be treated differently Realtors and Rehabbers now in both of these situations when my…

  • 199A Deduction for Real Estate Investors and Professionals | Mark J Kohler | Tax & Legal Tip | 2019
    Articles,  Blog

    199A Deduction for Real Estate Investors and Professionals | Mark J Kohler | Tax & Legal Tip | 2019

    Hey my real estate pros all of you real estate brokers agents rental property owners fixin flippers all of you You’ve got to hear this because we want this $1.99 to a deduction and we want to know how it plays out with me as a real estate investor Is it gonna really impact me is it gonna help me? Well, the answer is yes And there’s a few tricks and I guess my mind’s in the minefield you want to be aware of so Let’s hit it and I’ll try and break this down and keep it simple On YouTube titled what is the $1.99 a deduction watch it?…

  • When To Use An Installment Sale With Real Estate | Mark J Kohler | Tax & Legal Tip
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    When To Use An Installment Sale With Real Estate | Mark J Kohler | Tax & Legal Tip

    Hi mark Kohler here with another tax and legal tip I want to talk about the installment sale now this can be extremely simple as well as becomes quickly complex So I want to Explain what the concept is and then a couple things to be aware of if you’re gonna consider an installment sale When selling a piece of real estate first? When you go to sell real estate you may be facing a taxable gain And you’re gonna actually carry the paper back meaning you’re gonna play Bank That’s when an installment sale makes sense if you’re gonna just sell a property and take cash or do a…

  • How to Put Real Estate in Your ROTH IRA with Mark J. Kohler | 2019
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    How to Put Real Estate in Your ROTH IRA with Mark J. Kohler | 2019

    Welcome everybody to another week of tax and legal on Fire on the edge whatever don’t go anywhere yet. Let me tell you what the topic is today How about putting real estate in your Roth IRA your traditional IRA your health savings account your 401k. Yes, you can do it now I know some people say That’s too exotic. That’s too risky No, we’re gonna talk about that and I want to talk about the why so we’re gonna hit why should I put real estate in? My retirement account and then we’re gonna talk about how to finance it How do I come up with enough money and…