Lisa Marie Brugman, EAThinking of claiming Real Estate Professional status? The IRS has strict rules — and 2025 brings renewed audit focus on high-income taxpayers. Learn what it really takes to qualify, the common pitfalls to avoid, and how proper hour tracking can unlock unlimited rental loss deductions (and major tax savings).
Lisa Marie Brugman, EAThis blog breaks down everything you need to know—from income limits and passive activity rules to the Real Estate Professional loophole. Whether you're a new landlord or a seasoned investor, you'll learn when losses are deductible, when they’re limited, and what to do if they’re not. Spoiler: it’s more complicated than you think—but there are strategies.
Lisa Marie Brugman, EAThinking of selling your home after renting part of it out? Don’t forget about depreciation recapture—the IRS will want back taxes on the deductions you claimed (up to 25%). Section 121 can shield big gains, but it won’t erase recapture. Plan smart, save more.
Lisa Marie Brugman, EAWondering if you can deduct dental expenses in 2025? From check-ups and braces to fillings and crowns, some costs may qualify—but only if they exceed 7.5% of your AGI. Cosmetic treatments like whitening don’t count. Learn how insurance, timing, and record-keeping affect your deductions, and see if itemizing beats the standard deduction.