WELCOME TO THE MILIKOWSKY TAX LAW BLOG

Providing actionable insights and valuable information to help you navigate the complexity of tax law for your business.

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Are Your Losses From Real Estate Limited?

Information the real estate investor should know before filing a 2013 income tax return. Owning investment property can provide many benefits and tax incentives. However, several pitfalls exist for the unwary real estate investor expecting…
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Tax Consequences for Foreclosure & Short Sale

The answer will vary depending on the facts specific to the individual, loans, and real property, but in generally, a discharge of debt from a foreclosure is excluded from taxation under Internal Revenue Code §108(a)(1)(E), if the real estate…