![]() House of Representatives, Office of the Law Revision Counsel. 415 Renting Residential and Vacation Property." ![]() “ H.R.1 - An Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018.” “ Publication 936, Home Mortgage Interest Deduction.” They would be able to deduct up to $500,000 as a joint couple in capital gains from their taxable income if they owned and utilized the property as their primary residence for at least two of the five years prior to selling. Capital Gains Exclusion: If the couple changes their mind and decides to sell their vacation property in the near future, they might struggle to be eligible for a capital gains exclusion.Therefore, they can potentially write off a portion of their property taxes and mortgage interest depending on how often they rent out their house as opposed to living there themselves. Pro-Rated Expense Deduction: In addition, the couple is planning on residing at the vacation place from time to time.They are able to write off charges like advertising, cleaning, property management, repairs, and upkeep that are directly connected to renting the property. Rental Income Deduction: The couple may be qualified for a number of deductions if they choose to rent out their second house for a portion of the year.Be mindful that 100% of the property taxes may be deducted, though the aggregate total deduction for state and local taxes is limited to only $10,000 each year. Together with the property taxes for their primary house, these taxes may be itemized on Schedule A. The couple is may also permitted to deduct the property taxes they pay on their second house. Property Tax Deduction: Assume the property taxes on each property the couple owns is $4,000.If they file their tax return as a joint return, they may file Schedule A of their tax return and may be able to itemize this deduction. Mortgage Interest Deduction: Say the couple bought their home after December 2017, and their mortgage does not exceed $750,000.
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You can even extend your desktop using iPad as a second display. And now coming to Mac, your favorite iPad apps. Locate a missing Mac with the new Find My app. Experience three all-new media apps: Apple Music, Apple TV, and Apple Podcasts. MacOS Catalina gives you more of everything you love about Mac. Sometimes, using “just to clarify” doesn’t convey how you feel when you’re asking for more information. Just to be clear, my working hours are 8am-4pm and you will be unable to contact me outside those hours for work-related purposes.Here is a great example of how to use “just to be clear” professionally in an email. When you need to be a little more authoritative in your professional emails, whether that’s to set boundaries or correct instructions that were wrong, “just to be clear” is perfect for those situations where you want to be straightforward and concise. It also allows for a wide range of expression as the tone it is said in can add more meaning to the phrase. Whether you want to clarify something for someone or you want clarification yourself, “just to be clear” is a great phrase to use when giving or receiving information. Do I understand correctly that you want to reduce the funds for the IT department before changing the security system? Just To Be Clear.When you want to ask for more clarification on something, but don’t want to seem rude, “do I understand” allows you to ask for more information and gives others the ability to correct you if necessary without sounding as though they are berating or belittling you.īelow is an example of how to use “do I understand” professionally. It’s also a great way to allow someone else to add more information they may have forgotten. Do I UnderstandĪ great way to ask for clarification is by using “do I understand”, allowing you to go over the information by showing you’re paying attention and asking for clarity. For the record, I would like it known I brought this issue to light weeks before it was a problem.Here’s an example of how to use “for the record” in a professional manner. When a situation comes up and no one can seem to agree on what has happened, using “for the record” is a great way to state your information quickly and concisely or ask for someone else’s information directly. It gives you an easy way to state what you mean, directly letting everyone know you are sharing pertinent information. “For the record” can be a great phrase to use if you’re looking to substitute the phrase “just to clarify”. Just to make sure we’re on the same page, all reports are to be completed by Tuesday.Here’s an example of “just to make sure we’re on the same page” being used professionally. ![]() Using this phrase, you can include all the instructions you’ve been given and make sure they are correct. It’s an easy phrase used to help break the barrier of communication and make sure everyone has the same information.Ī great example of when you could use this phrase is if you have been given a set of instructions from one person, but had been told something a little different from someone else. If you’re looking to clarify something you’ve said or to ask for more clarification in case you don’t want to seem as though you weren’t paying attention. While this can be a longer phrase, it’s a great way to both clarify and ask for clarification while not sounding as though you weren’t listening or being rude. ![]() The preferred synonym to “just to clarify” is “just to make sure we’re on the same page”.
Her work includes advising US and foreign corporations on their trade compliance obligations, handling daily US export control and sanctions questions, and advising clients facing government investigation risks or adverse administrative actions. Jing also advises clients on export control, sanctions and related national security restrictions on trade. She also counsels clients on invalidity proceedings at the United States Patent and Trademark Office, including inter partes reviews. She advises clients on all aspects of litigation strategy, discovery, trial preparation, and post-trial filings. Jing regularly collaborates with the firm’s Intellectual Property (IP) group and has represented Chinese companies in several IP litigations before the ITC and federal courts. She also routinely analyzes obligations and defenses under WTO Agreements and advises clients on matters related to Section 301 tariffs. In AD and CVD matters, Jing defends foreign producers and US importers against US unfair trade allegations as lead counsel, before the US Department of Commerce, the US International Trade Commission (ITC) and federal courts. ![]() She assists major US and foreign corporations in focused assessments (customs audits), compliance surveys or reviews and other proceedings before US Customs & Border Protection. ![]() She advises clients on a wide range of international trade matters, including antidumping (AD), anti-subsidy (CVD), export control, sanctions, intellectual property and customs matters, with a substantial focus on advising multinational companies on cross-border compliance issues involving China. Jing Zhang is a partner in Mayer Brown’s International Trade group. |
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