All Forum Posts by: Jake Wa

Thank you Chris!  That makes perfect sense!!!

Chris, 

Thank you this is invaluable.  So my taxes are $11k, and this is a two family home.  I live one unit with my business partner so "taxes" would be $5500/2 = $2500 and the rental would be $5500.  So that $5500 would be exempt from the overall 10K right?

I sincerely appreciate your fast response and @here all your fantastic comments. 

Thanks,

Wayne

Hi guys,

So I live in NJ and apparently people are rushing to prepay some taxes.  I share a rental property with a friend and we're at a loss as to what we should do here. Any advice?

Thanks

Thank you!

Wow thank you both so much. 

Thanks, Bryan.  So you are saying that with deductions rental income is basically becomes tax free?

Hi everyone, just checking this out. I enjoy the podcast and am looking forward to chatting with y'all.