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GLO CPAs, LLLP
Make a Payment
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  • WHAT WE DO
  • WHO WE SERVE
  • WHO WE ARE
  • NEWS
Client Portal
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Make a Payment
Make a Payment
  • WHAT WE DO
  • WHO WE SERVE
  • WHO WE ARE
  • NEWS
713.621.4700
  • WHAT WE DO
  • WHO WE SERVE
  • WHO WE ARE
  • NEWS
Make a Payment
Make a Payment
  • WHAT WE DO
  • WHO WE SERVE
  • WHO WE ARE
  • NEWS

Rental Properties and the Safe Harbor

The Section 199A 20% tax deduction is a gift from lawmakers. Literally, you don’t earn this deduction; it’s simply there for you if you qualify. Under the trade or business rule, your rental property profits can create the deduction. And now, under an alternative rule, you can use the newly created IRS safe harbor to …

Rental Properties and the Safe Harbor Read More »

Technique That Increases Deductions on Your Vacation or Other Home

If your property qualifies as a “residence,” you face the strictest limits of the vacation home rules. Your property is a “residence” if you use the rental property for personal use for more than the greater of 14 days in the year or 10 percent of the days during the year in which you rent …

Technique That Increases Deductions on Your Vacation or Other Home Read More »

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