A recent report released by the Treasury Inspector General for Tax Administration (TIGTA) found that the IRS sent out stimulus checks totaling $603 million to taxpayers that were likely ineligible... Meanwhile, approximately 10 million taxpayers were likely eligible for a stimulus check and did not receive one, but the IRS is not going to take the initiative to get these taxpayers their money. The responsibility falls on YOU the taxpayer to chase the IRS for your stimulus payments. The report only covers the first two stimulus checks (EIP1 and EIP2), so if you are missing your EIP3 payment of $1,400, we still don't know the IRS' success rate on distributing these payments to taxpayers. For a link to the full report, check here: https://www.treasury.gov/tigta/auditreports/2022reports/202246032fr.pdf Jason’s Page: https://jasondknott.com/ Knott PLLC: https://www.knottpllc.com/ Need more help? Schedule a Consultation: https://jasondknott.com/Consultation ✅ TAX & ACCOUNTING TRAINING GUIDES Udemy - https://jasondknott.com/Udemy Gumroad - https://jasondknott.com/Gumroad ✅ AFFILIATE LINKS Open an LLC with Better Legal - https://jasondknott.com/BetterLegal Signup Bonus with M1 Finance - https://jasondknott.com/M1_Finance Open a Bitcoin IRA - https://jasondknott.com/BitcoinIRA Protect your Privacy with Nord VPN - https://jasondknott.com/NordVPN Open a Webull Stock Account - https://jasondknott.com/Webull File Taxes with TurboTax - https://jasondknott.com/TurboTax File Taxes with TaxSlayer - https://jasondknott.com/TaxSlayer Open a Wise Bank Account - https://jasondknott.com/Wise Try Amazon Prime - https://jasondknott.com/AmazonPrime Shamining Crypto Cloud Mining - https://jasondknott.com/Shamining_Crypto_Mining ✅ FOLLOW JASON HERE: Patreon: https://www.patreon.com/jasonknott Twitter: https://twitter.com/jasondknott Instagram: https://www.instagram.com/jasondknott TikTok: https://www.tiktok.com/@jasondknott LinkedIn: https://www.linkedin.com/in/jason-d-knott/ Quora: https://www.quora.com/profile/Jason-Knott-17 DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal or accounting strategies demonstrated in this video. This description includes links to affiliates. I may earn a commission or referral bonus if you use these links to purchase products or services from the providers. Thank you. #StimulusChecks #MissingStimulusCheck #EIP #RecoveryRebateCredit ... https://www.youtube.com/watch?v=N9DmPC0VoJQ

When a real estate investor sells rental property, the gain will generally result in a long-term Section 1231 gain. Section 1231 is great for business owners because the gains are treated as long-term capital gains, while any losses are ordinary losses. A portion (or all) of the Section 1231 gain will include unrecaptured Section 1250 gain, which is the depreciation recapture. Section 1250 gains can be offset by other long-term capital losses. This provides a unique planning opportunity for real estate investors with Section 1250 gains. In this example, we look at a Taxpayer that sold stocks for a loss and was able to offset those Section 1250 gains with losses on stock sales. For other videos on these topics, please see below: Am I a Real Estate Professional: https://youtu.be/_t6jCf4Y1Hc Sale of Real Estate on Form 4797: https://youtu.be/wmgfRXVGZf4 Section 1231 Gains on Sale of Rental: https://youtu.be/uDzLCzRfcvk Section 1250 Depreciation Recapture: https://youtu.be/H4_Emz5vGSQ Real Estate QBI Deduction: https://youtu.be/JvA7pGglyEw Section 1250 Ordinary Income Recapture: https://youtu.be/jgQgMgL9-jw Jason’s Page: https://jasondknott.com/ Knott PLLC: https://www.knottpllc.com/ Need more help? Schedule a Consultation: https://jasondknott.com/Consultation ✅ TAX & ACCOUNTING TRAINING GUIDES Udemy - https://jasondknott.com/Udemy Gumroad - https://jasondknott.com/Gumroad ✅ AFFILIATE LINKS Open an LLC with Inc File: https://jasondknott.com/IncFileCompanyLLC Signup Bonus with M1 Finance - https://jasondknott.com/M1_Finance Open a Bitcoin IRA - https://jasondknott.com/BitcoinIRA Protect your Privacy with Nord VPN - https://jasondknott.com/NordVPN Open a Webull Stock Account - https://jasondknott.com/Webull File Taxes with TurboTax - https://jasondknott.com/TurboTax File Taxes with TaxSlayer - https://jasondknott.com/TaxSlayer Open a Wise Bank Account - https://jasondknott.com/Wise Try Amazon Prime - https://jasondknott.com/AmazonPrime ✅ FOLLOW JASON HERE: Patreon: https://www.patreon.com/jasonknott Twitter: https://twitter.com/jasondknott Instagram: https://www.instagram.com/jasondknott TikTok: https://www.tiktok.com/@jasondknott LinkedIn: https://www.linkedin.com/in/jason-d-knott/ Quora: https://www.quora.com/profile/Jason-Knott-17 DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal or accounting strategies demonstrated in this video. This description includes links to affiliates. I may earn a commission or referral bonus if you use these links to purchase products or services from the providers. Thank you. ... https://www.youtube.com/watch?v=ldZLtRDqikk