{"@context":"https:\/\/schema.org\/","@type":"CollectionPage","@id":"https:\/\/moneydoneright.com\/taxes\/#CollectionPage","headline":"Taxes Category","description":"","url":"https:\/\/moneydoneright.com\/taxes\/","hasPart":[{"@type":"Article","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/1031-exchange-rules\/","headline":"1031 Exchange Rules: What Is a 1031 Exchange?","url":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/1031-exchange-rules\/","datePublished":"2020-01-02","dateModified":"2026-08-25","mainEntityOfPage":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/1031-exchange-rules\/","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/logan-allec\/#Person","name":"Logan Allec, CPA","url":"https:\/\/moneydoneright.com\/author\/logan-allec\/","identifier":4,"description":"Logan is a practicing CPA and founder of Choice Tax Relief<\/b><\/a> and of course Money Done Right. After spending nearly a decade in the corporate world helping big businesses save money, he launched his blog with the goal of helping everyday Americans earn, save, and invest more money. Learn more about Logan.<\/b><\/a>","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/2018\/03\/California-1031-Exchange-Rules.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/2018\/03\/California-1031-Exchange-Rules.png","height":430,"width":825},"keywords":["schema"],"commentCount":"8","comment":[{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/1031-exchange-rules\/#Comment1","dateCreated":"2021-02-25 21:28:18","description":"HI Logan,\n\nHere's a scenario:\n(A) I have commercial property under LLC and with partners. When we sell this property, Can we dissolve LLC at sale (or before but in same tax year) & be eligible for 1031 individually?\nThe LLC members have been together for a while and while things are going fine, it's time to go our way. Our basis is negative. So unless we do it right, it will be very very painful.\nAppreciate any advise or loop holes you can point out.\n(B) If I were to change a rental residential property to primary residence (by moving in that home), would same rule as residential capital gains apply (ie. no gains tax up to 500K gain....etc.)? \n\nThanks!","author":{"@type":"Person","name":"Kiran","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/1031-exchange-rules\/#Comment2","dateCreated":"2020-08-09 07:58:07","description":"Hi, Logan--\r\nI have a second home (it is for my personal use only--not rented out) that I would like to sell and replace with another one. I have owned it for three years and use it approximately 5 months a year. Would this situation be eligible for a 1031 Exchange?","author":{"@type":"Person","name":"Sandy Bicos","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/1031-exchange-rules\/#Comment3","dateCreated":"2020-06-23 08:53:33","description":"Hi Logan. Thank you for the useful info! Question; if you sell a CA rental, can you turn around and use all that money to buy a piece of land, log cabin kit, all interiors (kitchen, baths, etc), and pay the builders? Thank you!","author":{"@type":"Person","name":"Kelly","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/1031-exchange-rules\/#Comment4","dateCreated":"2020-02-02 16:13:37","description":"Couple of typos, I think. You wrote \"Within 45 calendar days of the sale date of the replacement property, you must identify the possible replacement properties you\u2019re interested in buying.\" but the first \"replacement\" should say \"relinquished.\"\r\n\r\nYou wrote \"The tax return and name appearing on the relinquished property has to be the same as that on the relinquished property.\" but one of the \"relinquished\"s should say \"replacement.\"","author":{"@type":"Person","name":"Andrew","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/1031-exchange-rules\/#Comment5","dateCreated":"2020-01-20 10:58:52","description":"Hi Kirt. Great questions.\r\n\r\n(1) Yes, a single-family rental in California can be 1031'ed into a single-family vacation home in Nevada if the vacation home qualifies under \"Scenario 2\" as described in this article<\/b><\/a>.\r\n\r\n(2) If your true intent when you acquired the replacement property was to use it for rental real estate income, and you truly changed your mind after the fact, this will not cause an issue. The property should be a rental property for at least 24 months after acquisition.\r\n\r\n(3) No, once the property becomes personal use, it is no longer under the 1031 rules but is subject to the Section 121 home sale gain exclusion rules<\/b><\/a>.\r\n\r\n(4) Yes, if the replacement property is passed to heirs, the basis is stepped up, and the California clawback is eliminated.","author":{"@type":"Person","name":"Logan Allec, CPA","url":"https:\/\/loganallec.com\/"}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/1031-exchange-rules\/#Comment6","dateCreated":"2020-01-19 20:42:53","description":"Your information and explination of this process is great and very useful. A question though, if the exchange is like-and-kind; a single family residence being rented for income in California into a single family house in Nevada, does the replacement property have to be rented full time to qualify. Can it be say a vacation rental property? What if at some time in the future you wish to make the replacement property your primary residence? Can you keep it under the 1031 capital gains protection indefinitely by filing the proper forms with the CA FTB? Finally, if the replacement property is passed to heirs in an estate do they get to take advantage of the cost basis bump up, thus negating the CA claw back penalty? Thank you.","author":{"@type":"Person","name":"Kirt Maxwell","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/1031-exchange-rules\/#Comment7","dateCreated":"2020-01-16 12:57:24","description":"Hi Patricia. Unfortunately, the answer to this question is \"no\" since a motor home is not real property. A possible exception may exist if the motor home is attached to the land, both literally (i.e. physically) and legally.","author":{"@type":"Person","name":"Logan Allec, CPA","url":"https:\/\/loganallec.com\/"}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/1031-exchange-rules\/#Comment8","dateCreated":"2020-01-16 09:31:23","description":"can you do a 1031 on a building you've owned for 7 yr into a motorhome?","author":{"@type":"Person","name":"Patricia d Bowman","url":""}}]},{"@type":"Article","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/accountant-comfort-letter\/","headline":"Why CPAs Hate Writing Comfort Letters to Verify Self-Employment for Mortgage","url":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/accountant-comfort-letter\/","datePublished":"2019-03-01","dateModified":"2022-07-29","mainEntityOfPage":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/accountant-comfort-letter\/","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/logan-allec\/#Person","name":"Logan Allec, CPA","url":"https:\/\/moneydoneright.com\/author\/logan-allec\/","identifier":4,"description":"Logan is a practicing CPA and founder of Choice Tax Relief<\/b><\/a> and of course Money Done Right. After spending nearly a decade in the corporate world helping big businesses save money, he launched his blog with the goal of helping everyday Americans earn, save, and invest more money. Learn more about Logan.<\/b><\/a>","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/2019\/03\/accountant-comfort-letter.jpg","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/2019\/03\/accountant-comfort-letter.jpg","height":533,"width":800},"keywords":["schema"]},{"@type":"Article","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/tax-breaks-for-students\/","headline":"5 Tax Breaks for Students to Lower Tuition Expenses","url":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/tax-breaks-for-students\/","datePublished":"2019-02-21","dateModified":"2021-10-08","mainEntityOfPage":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/tax-breaks-for-students\/","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/logan-allec\/#Person","name":"Logan Allec, CPA","url":"https:\/\/moneydoneright.com\/author\/logan-allec\/","identifier":4,"description":"Logan is a practicing CPA and founder of Choice Tax Relief<\/b><\/a> and of course Money Done Right. After spending nearly a decade in the corporate world helping big businesses save money, he launched his blog with the goal of helping everyday Americans earn, save, and invest more money. Learn more about Logan.<\/b><\/a>","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/2019\/02\/tax-breaks-for-students.jpg","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/2019\/02\/tax-breaks-for-students.jpg","height":699,"width":1000},"keywords":null},{"@type":"Article","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/how-to-file-taxes-for-free\/","headline":"How to File Taxes for Free: The Complete Guide","url":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/how-to-file-taxes-for-free\/","datePublished":"2019-02-11","dateModified":"2026-08-25","mainEntityOfPage":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/how-to-file-taxes-for-free\/","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/logan-allec\/#Person","name":"Logan Allec, CPA","url":"https:\/\/moneydoneright.com\/author\/logan-allec\/","identifier":4,"description":"Logan is a practicing CPA and founder of Choice Tax Relief<\/b><\/a> and of course Money Done Right. After spending nearly a decade in the corporate world helping big businesses save money, he launched his blog with the goal of helping everyday Americans earn, save, and invest more money. Learn more about Logan.<\/b><\/a>","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/2019\/02\/how-to-file-taxes-for-free.jpg","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/2019\/02\/how-to-file-taxes-for-free.jpg","height":750,"width":1000},"keywords":["schema"]},{"@type":"Article","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/how-to-get-a-bigger-tax-refund\/","headline":"How to Get the Largest Tax Refund Possible: 11 Secrets You’d Wish You Knew Sooner","url":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/how-to-get-a-bigger-tax-refund\/","datePublished":"2019-01-22","dateModified":"2022-08-22","mainEntityOfPage":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/how-to-get-a-bigger-tax-refund\/","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/logan-allec\/#Person","name":"Logan Allec, CPA","url":"https:\/\/moneydoneright.com\/author\/logan-allec\/","identifier":4,"description":"Logan is a practicing CPA and founder of Choice Tax Relief<\/b><\/a> and of course Money Done Right. After spending nearly a decade in the corporate world helping big businesses save money, he launched his blog with the goal of helping everyday Americans earn, save, and invest more money. Learn more about Logan.<\/b><\/a>","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/2019\/01\/how-to-get-the-largest-tax-return-possible.jpg","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/2019\/01\/how-to-get-the-largest-tax-return-possible.jpg","height":2987,"width":2698},"keywords":["schema"],"commentCount":"1","comment":[{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/how-to-get-a-bigger-tax-refund\/#Comment1","dateCreated":"2021-03-16 00:04:20","description":"If you get the tax refund then it's good and to know more about tax refunds policies you can read this article as I have found this very informative.","author":{"@type":"Person","name":"Mike Davis","url":"https:\/\/www.moversfolder.com\/long-distance-movers"}}]},{"@type":"Article","@id":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/freelance-tax-deductions\/","headline":"Tax Deductions for Freelancers You Should Know About If You Work From Home","url":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/freelance-tax-deductions\/","datePublished":"2019-01-11","dateModified":"2023-04-16","mainEntityOfPage":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/freelance-tax-deductions\/","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/logan-allec\/#Person","name":"Logan Allec, CPA","url":"https:\/\/moneydoneright.com\/author\/logan-allec\/","identifier":4,"description":"Logan is a practicing CPA and founder of Choice Tax Relief<\/b><\/a> and of course Money Done Right. After spending nearly a decade in the corporate world helping big businesses save money, he launched his blog with the goal of helping everyday Americans earn, save, and invest more money. Learn more about Logan.<\/b><\/a>","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/2019\/01\/tax-deductions-for-freelancers.jpg","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/2019\/01\/tax-deductions-for-freelancers.jpg","height":668,"width":1000},"keywords":["schema"]},{"@type":"Article","@id":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/s-corporation-pay-rent-home-office\/","headline":"Can My S Corp Pay Me Rent? How Do I Take the Home Office Deduction in an S Corp?","url":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/s-corporation-pay-rent-home-office\/","datePublished":"2018-12-15","dateModified":"2023-04-07","mainEntityOfPage":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/s-corporation-pay-rent-home-office\/","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/logan-allec\/#Person","name":"Logan Allec, CPA","url":"https:\/\/moneydoneright.com\/author\/logan-allec\/","identifier":4,"description":"Logan is a practicing CPA and founder of Choice Tax Relief<\/b><\/a> and of course Money Done Right. After spending nearly a decade in the corporate world helping big businesses save money, he launched his blog with the goal of helping everyday Americans earn, save, and invest more money. Learn more about Logan.<\/b><\/a>","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/2018\/02\/S-Corporation-Home-Office-Deduction.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/2018\/02\/S-Corporation-Home-Office-Deduction.png","height":430,"width":825},"keywords":["youtube","schema"],"commentCount":"2","comment":[{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/s-corporation-pay-rent-home-office\/#Comment1","dateCreated":"2023-07-07 22:55:29","description":"You mention mortgage interest, and that\u2019s a big one, but under the option 1 or 3, are you able to then claim additional depreciation on the house itself?","author":{"@type":"Person","name":"Barbara","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/s-corporation-pay-rent-home-office\/#Comment2","dateCreated":"2020-04-29 14:52:51","description":"Hi, I filled my 2019 taxes recently and it was rejected by irs due to a PIpin,does this mean im not getting a stimulus payment? Thanks for all the helpful info you put out for the people.","author":{"@type":"Person","name":"Paulette D Ashby","url":""}}]},{"@type":"Article","@id":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/real-estate-agents-taxes\/","headline":"9 Critical Tax Mistakes Real Estate Agents Make That Cost Them $1000s","url":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/real-estate-agents-taxes\/","datePublished":"2018-10-16","dateModified":"2026-08-25","mainEntityOfPage":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/real-estate-agents-taxes\/","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/logan-allec\/#Person","name":"Logan Allec, CPA","url":"https:\/\/moneydoneright.com\/author\/logan-allec\/","identifier":4,"description":"Logan is a practicing CPA and founder of Choice Tax Relief<\/b><\/a> and of course Money Done Right. After spending nearly a decade in the corporate world helping big businesses save money, he launched his blog with the goal of helping everyday Americans earn, save, and invest more money. Learn more about Logan.<\/b><\/a>","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/2018\/02\/Real-Estate-Agent-Taxes.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/2018\/02\/Real-Estate-Agent-Taxes.png","height":430,"width":825},"keywords":["schema"],"commentCount":"8","comment":[{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/real-estate-agents-taxes\/#Comment1","dateCreated":"2020-11-02 14:14:24","description":"Valuable info. Lucky me I found your web site unintentionally, and I am shocked why this accident did not came about in advance! I bookmarked it.","author":{"@type":"Person","name":"veneers cost","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/real-estate-agents-taxes\/#Comment2","dateCreated":"2020-06-19 08:25:39","description":"Awesome post, thanks for sharing!","author":{"@type":"Person","name":"Serita Jebbett","url":"http:\/\/supremesearch.net"}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/real-estate-agents-taxes\/#Comment3","dateCreated":"2020-01-31 12:24:17","description":"Hi Ella. You should check your state law, but in most if not all states it should be acceptable for you to form an LLC or corporation as a real estate agent. There could be tax benefits as described in the article above as well as legal benefits, but since I'm not an attorney I can't speak to that.","author":{"@type":"Person","name":"Logan Allec, CPA","url":"https:\/\/loganallec.com\/"}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/real-estate-agents-taxes\/#Comment4","dateCreated":"2020-01-31 12:22:47","description":"Hi Brandon. You do not<\/b> have to form an LLC or an S corporation in order to take the QBI deduction. Whether it makes sense to elect to be taxed as a corporation depends on several factors.","author":{"@type":"Person","name":"Logan Allec, CPA","url":"https:\/\/loganallec.com\/"}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/real-estate-agents-taxes\/#Comment5","dateCreated":"2020-01-31 12:21:54","description":"Hi Jeff. You do not<\/b> have to form an LLC or an S corporation in order to take the QBI deduction.","author":{"@type":"Person","name":"Logan Allec, CPA","url":"https:\/\/loganallec.com\/"}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/real-estate-agents-taxes\/#Comment6","dateCreated":"2018-09-14 13:09:14","description":"Thank you for your article! Currenly I'm a 1099 sole proprietor. Please advise if I have the right to file a corporation if I'm the real estate agent, but not a broker? What benefirs it will bring to me if it permitted?\nThank you!\nElla","author":{"@type":"Person","name":"Ella","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/real-estate-agents-taxes\/#Comment7","dateCreated":"2018-08-16 10:34:30","description":"Same question as Jeff above. What would you recommend in CA? If I was going to Incorporate what would you recommend?\n\nThanks!","author":{"@type":"Person","name":"Brandon Hawkins","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/business-taxes\/real-estate-agents-taxes\/#Comment8","dateCreated":"2018-06-27 09:48:43","description":"Thank you for the very helpful information. Question: do I have form an LLC or s-Corp in order to take QBI duduction. Or can in still file as a sole proprietoproprietor and receive the 20% credit? I am a real estate agent. I prefer not to form an S-corp in california.\n\nThanks\nJeff","author":{"@type":"Person","name":"Jeff strickland","url":""}}]},{"@type":"Article","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/california-property-tax-appeal\/","headline":"California Property Tax Appeal: How to Lower Property Taxes in California","url":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/california-property-tax-appeal\/","datePublished":"2018-10-03","dateModified":"2022-08-10","mainEntityOfPage":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/california-property-tax-appeal\/","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/logan-allec\/#Person","name":"Logan Allec, CPA","url":"https:\/\/moneydoneright.com\/author\/logan-allec\/","identifier":4,"description":"Logan is a practicing CPA and founder of Choice Tax Relief<\/b><\/a> and of course Money Done Right. After spending nearly a decade in the corporate world helping big businesses save money, he launched his blog with the goal of helping everyday Americans earn, save, and invest more money. Learn more about Logan.<\/b><\/a>","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/2018\/10\/California-Property-Tax-Appeal.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/2018\/10\/California-Property-Tax-Appeal.png","height":430,"width":825},"keywords":["schema"],"commentCount":"2","comment":[{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/california-property-tax-appeal\/#Comment1","dateCreated":"2022-03-22 17:41:32","description":"They should make you pay! Stop trying to cheat the system.","author":{"@type":"Person","name":"ron","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/taxes\/personal-taxes\/california-property-tax-appeal\/#Comment2","dateCreated":"2019-09-09 15:13:40","description":"I have a boat that is flagged out side the US and being tax as property . Have a promblem with the assessmet, as i paid 900,000. and being assess at 2,000,000 plus 10% pentalty (2,200,000.)","author":{"@type":"Person","name":"ron brimlow","url":""}}]}]}