Real Estate: Rental Income and Your Own Business
Written by Peter Wolfing
By Peter Wolfing www.blogtoolbox.com
ental Income and Your Own Business
One widely used method for building personal wealth, is to let your business compensate you for your financial risk as well as your services by retaining any real estate used in your business in your own name. Then, you lease the property to your company.
This gives you income that can be increased in later years as the business prospers. At the same time, it gives your company a deduction. More importantly, down the road, when the property has appreciated significantly, that appreciation will not be double-taxed as it would if your corporation owned it.
The IRS expressly forbids this method, however, if you are using a home office. If you want to lease part of your own home to yourself, don’t try to deduct the rent on your tax return.
I hope you enjoyed this blog article.
To your financial success,
Peter Wolfing
Article author
About the Author
Peter is a master marketer online and has over 21 years experience online. He has created dozens of sites and products and has helped over 300,000 people reach their online goals with innovative software, websites and systems that help people grow online faster, cheaper and more productive than ever. His latest release are http://textbroadcastclub.com/, http://textertexter.com/ and just relaunched http://handofheaven.com/
Peter can be reached at support@blogtoolbox.com
Further reading
Further Reading
Article
Transforming Quotes into Savings: Creative Approaches to Car Insurance
When it comes to car insurance, most of us are familiar with the routine process: gather a few car insurance quotes, compare them, and choose the best one. But what if we told you that there are creative ways to transform these quotes into significant savings? At Musty Barnhart, we believe in making your insurance experience not only cost-effective but also enjoyable. Let's explore some innovative approaches to navigating car insurance quotes in Red Wing, MN. Understand Your
May 26, 2025
Article
"Protect Your Rights with a Skilled DC Gun Crime Lawyer"
When facing gun-related charges in Washington, D.C., ensuring your rights are protected is essential. The legal system can be a complex maze to navigate, and the consequences of a conviction can be severe, potentially altering your life forever. Having an experienced DC Gun Crime Lawyer on your side is key to building a strong defense and safeguarding your future. rnThis article explores the crucial benefits of working with a skilled legal professional when it comes to protec
February 3, 2025
Article
Maximizing Retirement Income with Annuities: Tips from Ryan Cicchelli
As individuals approach retirement age, ensuring a steady and reliable income becomes paramount. Annuities offer a compelling solution, providing a guaranteed stream of income over a set period or for life. Ryan Cicchelli, a seasoned financial expert, sheds light on how annuities can be leveraged to maximize retirement income effectively. Understanding Annuities A financial product called an annuity is usually provided by insurance companies and is intended to give a retireme
April 2, 2024
Article
Unlocking Business Mobility: Navigating Commercial Vehicle Insurance in Brisbane
Understanding Commercial Vehicle Insurance in Brisbane In the dynamic landscape of business operations, mobility is a key factor in success. If your business relies on commercial vehicles to transport goods, provide services, or conduct operations, having the right protection in place is essential. Commercial Vehicle Insurance in Brisbane is a tailored solution designed to safeguard your business against unforeseen risks associated with operating commercial vehicles. This co
August 12, 2023