The document provides a detailed explanation about common tax mistakes in real estate investing and how to avoid them. From understanding depreciation to managing rental income and embracing 1031 exchanges, the guide aims to help investors navigate the complexities of real estate taxation for optimal returns.

In the case of Comptroller of the Treasury of Maryland v. Wynne, which was heard and decided by the United States Supreme Court in 2015, the court ruled that a single taxpayer cannot be taxed by more than one state on the same income