Kurtis Eaton
Should I invest in Short-Term Rental or Traditional SF? property?
13 March 2020 | 23 replies
Also note that STR income must be filed on schedule C.
Ryan Alexander
[Calc Review] Help me analyze this deal
1 March 2020 | 3 replies
There is a capex spreadsheet in the files section.
Simond Wong
To or To Not Req. Renter's Insurance?
1 March 2020 | 11 replies
I don't want to deal with higher insurance premiums or a non-renewal because I had to file a claim for their screw-up.
Ronnie S.
Los Angeles Licensed Contractor abandoned my project....
2 March 2020 | 1 reply
Assuming we have the entire story here, your best bet is reporting to the contractors board, BBB, and if you choose, filing a law suit.
Allen Corona
Help! Using my 401k for a down
9 March 2020 | 6 replies
The repayment terms for a 401k participant loan are equal monthly/quarterly payments of principal and interest (typically prime plus 1%) over a 5 year term (longer if used to acquire your principal residence).Please note that if you take a full $50,000 and then pay back the loan, you can't take another $50,000 until 12 months after the first loan was fully paid back.Per the loan offset rules that went into effect with the 2018 Tax and Job Act: if you leave your job and the loan is current at the time you leave your job but then the loan goes into default because you left your job, you will have until your tax return deadline (including any timely filed extension) to make the loan current by depositing the outstanding balance into an IRA (and thereby avoid the taxes and penalties that would otherwise apply).Please keep in mind the multiple loan rules:Under those rules, the sum of the balances of a participant's outstanding 401k loans under a single 401k plan (using the highest outstanding balance of each loan over the last 12 months) can't exceed 50% or $50,000 whichever is less.
Madri Koppe
Seeking Recommendations for San Diego Tax Accountant
12 March 2020 | 3 replies
Recently purchased a duplex and hoping to get recommendations on a tax accountant that is familiar with real estate investments to assist with filing.
Solomon Stavis
Looking for neighborhoods to invest in the Greater Tampa Area
2 March 2020 | 4 replies
The home values in the South Tampa area tend to be very high priced with the average home values going for over $500K in most areas of South Tampa, so rank and file military members often prefer to go out a bit to purchase.
Amy Turnbull
I sold a home in another state--do I have to pay tax?
23 August 2020 | 19 replies
If you owned a rental in mass even though you didn't live there you should have been filing a mass tax return each year.
Dustin Lee Cotliar
Does your tax professional HAVE to be a CPA?
22 March 2020 | 4 replies
Those numbers are given pretty much to anybody who filed his own tax returns and is not a felon.
Chandler Miguelgorry
Best method for finding foreclosures?
10 March 2020 | 4 replies
Im in WI so once the bank files it is recorded at the court house and can be looked up for free!