Income and losses from investment real estate or rental property are passive by definition—unless you’re a real estate professional. Why does this matter? Passive income may be subject to the 3.8% net investment income tax (NIIT), and passive losses generally are...
As the school year draws to a close and the days lengthen, you may be one of the many homeowners who are getting ready to put their home on the market. After all, in many locales, summer is the best time of year to sell a home. But it’s important to think not only...
410 East Upland Rd.
Ithaca, NY 14850
839 NYS Route 13
Cortland, NY 13045