real estate | Connolly Steele

ConnollySteele

Dec 28, 20222 min read

Renting to a relative? Watch out for tax traps

If you own a home and rent it to a relative, you may be surprised to find out there could be tax consequences. Quick rundown of the rules...

ConnollySteele

Sep 14, 20222 min read

Seller-paid points: Can homeowners deduct them?

In its latest report, the National Association of Realtors (NAR) announced that July 2022 existing home sales were down but prices were...

ConnollySteele

Sep 12, 20223 min read

Separating your business from its real estate

Does your business need real estate to conduct operations? Or does it otherwise hold property and put the title in the name of the...

ConnollySteele

Apr 25, 20220 min read

Infographic: Why you should keep good records of major home improvements.

ConnollySteele

Jan 3, 20223 min read

Defer tax with a like-kind exchange

Do you want to sell commercial or investment real estate that has appreciated significantly? One way to defer a tax bill on the gain is...

ConnollySteele

Oct 15, 20213 min read

Vacation home: How is your tax bill affected if you rent it out?

If you’re fortunate enough to own a vacation home, you may want to rent it out for part of the year. What are the tax consequences? The...

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