Ibrahim Yamini
Phoenix cash flow question
14 May 2021 | 0 replies
When I exclude the property manager cost, I usually project to make between $400 - $600 net.Am I missing something?
Manny K.
Terminate M2M Lease or hang tight till Covid backlogs subside?
17 May 2021 | 11 replies
Moratorium excludes holdover, but courts do not seem to care, and are not scheduling ANY hearings!
Alecia Loveless
Self storage anybody building it?
20 May 2021 | 5 replies
Exclude everyone that will be above your Investment level $$$$$$.
Jasmine Zhang
capital gains tax on 2-family house
3 June 2021 | 3 replies
I can have parents visiting me and living on 2FL) or leave it empty, would I be able to exclude all the profit from capital gains tax if it's within the limit (250,000)?
Daniel Molina
Selling a home - capital gains
16 May 2021 | 8 replies
Quick example, if you are single and lived in the house for 6 months (1/4 of the 2 year requirement) you get to exclude up to 1/4 of $250k ($500k is married/joint return) or $62,500.....so, your Full gain could easily be exempt.
Felipe Lecaros
CPAs help! Form 2555 (Foreign Earned Income Exemption)
21 July 2021 | 2 replies
Even though some of the service income is excluded for Federal income tax purposes on Form 2555, the same income is not excludable for self employment (SE) tax purposes and therefore the any net income from a business is subject to SE tax.
Ashish Yadav
Lead Based Paint in the House
18 May 2021 | 10 replies
If the property has not been certified some carriers will not write it while others will cover the property but excluded Liability due to the lead paint
Mike Stiffler
Non-resident landlord - pay state income tax twice on stock sale
25 May 2021 | 8 replies
Is there a specific form that needs to be filed to exclude the non-business income?
Patrick Ferraioli
Houston Triplex Build Advise Needed
20 May 2021 | 6 replies
Additionally I had hopes of being able to complete the project for under $130 sqft for approximately 3500-4000 sqft of living space excluding the ground floor parking.
Justin Summers
Just need confirmation on Primary Home Capital Gains Exclusion
31 May 2021 | 9 replies
@Justin SummersIf your total gain on the property is $500k, and you're married, normally you can exclude $500k. ($250k for single folks).Unfortunately, by moving back in your former house you screwed up your exclusion, instead of stopping the clock.