All Forum Posts by: George Habator

And why do they not like the PM? It may very well be because the PM is doing their job... enforcing rules, repairs, late fees etc etc. Its like when Mom says NO, the kids run to dad because he's a pushover

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Thanks for the helpful replies.

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Thanks for the replies. I spoke to the tenant and they said will pay in cash or nothing else. Can i file eviction over non payment if they want to pay in only cash?

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Hi. I just purchased a rental with an existing tenant. My personal policy is no cash but the current lease makes no mention of payment methods. Can i forbid cash payments? Thanks

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Wrong, unfortunately. Decided to do a quick search and it yielded this:

https://www.irs.gov/publicatio...

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Any ideas?

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Hi, all. If I get a HEL on an investment property to build a primary residence, is the interest on that loan considered interest on a residence that can be deducted with itemization? Thanks

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Hi. Thanks for answering questions.

I bought a tear-down house as an investment and tore down the house. The property is currently a vacant lot. There were closing costs, demo costs, tax and insurance costs and professional fees, like engineers and architects.

Besides for taxes and insurance, can anything else get expensed? When can all other expenses be deducted?

Thanks

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Quote from @Dmitriy Fomichenko:

@Lance Lvovsky, I don't think he is talking about converting current year contribution, but existing assets in his Roth IRA.

@George Habator, can you clarify your intentions? What is the value of the securities in question?

I want to have current year IRA contribution without having to spend more cash or sell my current Roth positions.

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Hi. If securities are transferred from Roth IRA account to a traditional IRA account (not sold, just transferred), is their value deductible as if they are new funds being transferred in? Thanks

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All Forum Posts by: George Habator

George Habator has started 10 posts and replied 25 times.

Post: Can tenant pay owner without permission

Post: Can tenant pay owner without permission

Post: Taking over existing tenant

Post: Taking over existing tenant

Post: Deduct interest from investment for residence deduction

Post: Deduct interest from investment for residence deduction

Post: Deduct interest from investment for residence deduction

Post: Ask me (a CPA) anything about taxes relating to real estate

Post: If Roth IRA is converted to traditional, is it deductible?

Post: Ask me (a CPA) anything about taxes relating to real estate