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Updated about 1 year ago on . Most recent reply presented by

Hunter Gibson's profile image
Hunter Gibson's profile image
Hunter Gibson
  • Realtor
  • from Saint Petersburgh
  • Member since Jan 24, 2022
  • Posts 58
  • Votes 36
  • Experience 4 Yrs
  • Investments 1
Connect

User Stats

58
Posts
36
Votes
Hunter Gibson's profile image
Hunter Gibson's profile image
Hunter Gibson
  • Realtor
  • from Saint Petersburgh
  • Member since Jan 24, 2022
  • Posts 58
  • Votes 36
  • Experience 4 Yrs
  • Investments 1
Connect
Hunter Gibson
  • Realtor
  • Saint Petersburgh
36
Votes |
58
Posts
Tax, SDIRAs & Cost Segregation

Do I need to pay taxes on closing costs

Hunter Gibson
  • Realtor
  • Saint Petersburgh
Posted

Hi everybody,

I am a new investor and just bought my second home on Dec 1 2023. In the closing costs I received one months rent along with tax rebates for the portion that the seller owned the home. I am not collecting rent outside of closing costs till January 1, 2024.


Do I need to pay/ file tax returns for 2023? 

Thanks for all the advise 

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