Buildium
DECEMBER 17, 2024
1, 2026 and is not available to employees. Deductions on Legal and Professional Services You can deduct fees that you pay to attorneys, accountants, consultants, and other professionals if the fees are paid for work related to your business. If this deduction applies, you are effectively taxed on only 80% of business income.
Buildium
DECEMBER 30, 2024
1, 2026 (but it could be extended) and is not available to employees. Legal and Professional Expenses You can deduct fees paid to attorneys, accountants, consultants, and other professionals for any work related to your business. You can qualify to deduct up to 20% of your net business income from your personal income tax return.
Rental Housing Journal
APRIL 14, 2025
Investors original capital gains taxes are deferred until their 2026 tax payment (typically Spring 2027). QOZ Tax Law Updates As of March 2025, the tax deferral provisions under the Qualified Opportunity Zone (QOZ) program are legislatively set to expire on December 31, 2026. Due diligence is critical to making informed decisions.
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