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With 34 years of experience as an H&R Block tax pro, Patricia enjoys working with clients to get the most from their taxes and reach their tax-related financial goals. Like all H&R Block tax pros, Patricia stays sharp with an average of 32+ hours of training per year and is genuinely committed to getting you every dollar you deserve. Patricia specializes in farming income, estates and trusts, rental income and more.
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This is affected by sales of crops and livestock, rental income from land, and farm equipment depreciation.
The estate tax involves the right to transfer property at one’s death. A trust allows a third party to hold assets on behalf of a beneficiary or beneficiaries, with various tax rules for income.
Rental income is taxed at standard income tax rates, but you can also deduct the costs of buying and improving a rental property.
Donations made to qualified charities can be deducted to reduce taxable income.
Investment income can include buying low/selling high, stocks and bonds, and capital losses.
Retirement income, pensions, and annuities can change the way you file your taxes.