Happy New Year from the Huddle Guys! Eric and Ignatius are excited for 2022, and they are having lots of fun in their first episode of the year! Eric starts by offering his critique of Ignatius’ fashion choices for this recording session, he gives a few hints as to some of his possible new year’s resolutions, and he discusses some tax-related current events (no updates in the capital gains tax and no sweeping changes for IRAs and 401ks). The Huddle Guys are gearing up for an eventful year, as they reveal plans to speak at a conference in May 2022. Stay tuned for more details.
The Huddle Guys are no strangers to real estate investments and their tax implications. Listen as they discuss who meets the IRS criteria for qualifying as a real estate professional. It is not as straightforward as you may think. This determination, however, decides who can take passive losses against non-passive income as it relates to real estate income. If you are a real estate professional, a novice, or real estate is on your ‘to-do’ list for 2022, you need to listen to this information and contact the Huddle Guys for their expert support and services before you get too far into the tax year.
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It’s time to Huddle Up!
