Property Losses – an opportunity to avoid taxes in retirement

Welcome back! What did you think of our Property Management Software? Are you subscribed to our feed and receiving email updates?

George Saenz, a CPA and syndicated writer, talks about how a Roth IRA can offset tax losses.

Basically, converting a traditional IRA into a Roth IRA results in the recognition of income to the extent of the conversion.

When an individual has excess deductions for the year, a good tax strategy would be to convert a similar amount from a traditional IRA to a Roth IRA, as it does not result in any tax. Subsequent withdrawals from a Roth IRA are tax-free even if the taxpayer does not have excess deductions. Read more in Tax Talk.

This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. Property Losses – an opportunity to avoid taxes in retirement is brought to you by SimplifyEm Pay Rent Online and Property Management Software

You might also want to read:

1. Property Management Companies and Property Managers – Ten Important Facts About Capital Gains and Losses Property management companies and property managers almost everything you own and use for personal or investment purposes is a capital asset. Capital assets include a home, household furnishings and stocks......
2. 2011 Tax Tips for Real Estate Agents and Professionals on How To Contribute to Retirement Plan Real Estate Agents and Professionals- Some retirement plan contributions can be made until the day taxes are due, while other require the plan to be set up before the end......
3. 2010 Year End Tax Tip – Convert to Roth IRA Roth IRAs are unique in that withdrawals from Roth IRAs are not taxed. In 2010, all taxpayers can convert their retirement plan to a Roth IRA and have two options......