Taxes for Realtors

paying taxes | Real Estate Investing | Self Employed Tax Payers | tax credits | Tax Deductions | Tax Preparation Checklists | Tax savings strategies | taxes and homeownership | Taxes for Real Estate Agents | Taxes for Realtors | Taxes for rental properties | Understanding Schedule E

Selling a Rental Property? Don’t Forget Depreciation Recapture
Bysmall-business-tax-solutions February 26, 2026March 1, 2026

Depreciation recapture can be a complex tax consideration for real estate investors. Understanding how it works is crucial when selling rental properties. Investors must calculate both the depreciation recapture portion and the capital gains portion of their gains. The recapture portion is taxed at up to 25%, depending on their income, while long-term capital gains may be taxed at 0%, 15%, or 20%. High earners might also owe an additional 3.8% Net Investment Income Tax.

Read More Selling a Rental Property? Don’t Forget Depreciation Recapture
Gig Workers | Self Employed Tax Payers | Tax law updates | Taxes for Realtors

AI & The Future of Tax Prep – 2025
Bysmall-business-tax-solutions February 22, 2026February 16, 2026

The AI shift is transforming tax preparation, benefiting high-income earners, gig workers, crypto investors, and small businesses with irregular filings. Automated systems minimize errors, expedite returns, and support predictive planning. While AI enhances efficiency, the human element remains crucial for nuanced tax strategies.

Read More AI & The Future of Tax Prep – 2025
Taxes for Real Estate Agents | Taxes for Realtors | Taxes for rental properties | Understanding Schedule E

Understanding Schedule E: Rental Income and Pass-Through Income
Bysmall-business-tax-solutions February 20, 2026February 16, 2026

Schedule E simplifies tax reporting for rental property owners, vacation rental hosts, and business partners. It lets you deduct mortgage interest, property taxes, insurance, repairs, and depreciation, reducing your taxable income. Don’t forget to report all rental income and understand depreciation rules. Filing late or mixing personal and rental expenses can lead to mistakes. Schedule E is crucial for maximizing deductions and minimizing taxes, especially when combined with QBI deductions.

Read More Understanding Schedule E: Rental Income and Pass-Through Income
Self Employed Tax Payers | tax credits | Tax Deductions | Tax Preparation Checklists | taxes and homeownership | Taxes for Real Estate Agents | Taxes for Realtors

Home Office Deduction for Realtors: Is It Worth the Risk?
Bysmall-business-tax-solutions February 11, 2026February 16, 2026

The home office deduction is often feared by Realtors due to outdated myths, but many may be entitled to significant savings. Claiming the deduction is feasible if there’s exclusive, regular use of the space for business. Realtors can choose between a simplified or actual expense method, both IRS-approved. Proper documentation is essential.

Read More Home Office Deduction for Realtors: Is It Worth the Risk?