8 January 2021 | 6 replies
A CRT enables you to reduce or virtually eliminate capital gains tax on the sale of an asset funding the CRT, claim an income tax deduction, receive income and make a gift to the charity or charities of your choice.
6 October 2020 | 3 replies
Your closing costs are not going to cost nearly as much as that PMI you are paying over the next 25 years will cost, plus some of closing costs are tax deductible and I don't believe any PMI will be tax deductible after next year.
8 October 2020 | 13 replies
***My numbers are based off a cashflow of $250 per property after deducting maintenance (5%), capex (5%), vacancy (5%), and PM (10%)***
19 November 2020 | 7 replies
Great for major medical but large deductibles.
10 October 2020 | 5 replies
That means more deduction earlier and less deduction later.
7 October 2020 | 10 replies
You need to detail what is being deducted from their deposit, and provide them with that information, and most likely their remaining deposit back.
6 October 2020 | 1 reply
Hello,I am in CA with a class A property that was delivered to tenants at time of move in with brand new sod put in. They are now moving out and their two dogs totally destroyed the grass. I asked them to replace the ...
8 October 2020 | 4 replies
Who gets the tax deductions?
1 August 2021 | 1 reply
I am not very knowledgeable on these things and how to maximize potential deductions, so any advice would be greatly appreciated!
10 October 2020 | 60 replies
fwiw, if you are wanting to know "tax burden" you have to look at more than income tax - as that can be made zero by deductions etc...