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After the publication of the Elliman Report for Q2-2019 Manhattan Sales , I was asked to join Cheddar anchors Kristen Scholer and Tim Stenovec on the floor of the exchange on Wednesday morning. When I came through security, the guard at NYSE asked me “when was the last time you visited the NYSE?” and I said, “about 10-12 years ago.” He looked it up to confirm and deadpanned, “I’ll bet you remember that I was the guy that took your picture in 2007, right?!?!
A home is often the biggest financial investment you'll make in your lifetime. In fact, a recent Zillow analysis reports that the typical American homeowner has 40% of their wealth tied up in their home. Several years ago, I wrote a complete guide to financial planning on one index card, which went viral and later became a book: " The Index Card: Why Personal Finance Doesn't Have to Be Complicated " (co-written with Helaine Olen).
There are certain things you can do as a real estate investor to help manage your tax bill and maximize your after-tax return on investment. To do so, however, you need to understand the primary ways in which investment real estate portfolios get taxed. You must also have a general grasp of some abstract concepts like calculating your tax basis, as well as the depreciation of capital investments.
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