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16 February 2024 | 5 replies
Purchase price: $336,500 Cash invested: $20,000 Single family home in E Nashville.
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15 February 2024 | 6 replies
At the end of the year, you have the ability to generate a schedule E form export in spreadsheet or PDF form after a little bit of tweaking the export settings and then send that to your CPA, and they take care of the rest.
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16 February 2024 | 15 replies
How do you do the liability form with your rental agreement, do you do something that they can e-sign, or is this a rental agreement that they sign and email back to you?
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15 February 2024 | 14 replies
Lenders will use your tax returns schedule E to calculate your monthly rental income.
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14 February 2024 | 20 replies
I e-mail them a copy before they arrive and keep a copy in a binder that's placed in a very obvious spot when they arrive like on the coffee table or the kitchen table.
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16 February 2024 | 34 replies
I was looking into a property in E.
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13 February 2024 | 4 replies
Being buried in my own little space for too long so just trying to keep up with all the latest and greatest of r/e market.
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14 February 2024 | 2 replies
These deductions are filed on Schedule E of your tax return.Other Financing Options:Seller Financing: Negotiate with the seller of Property B to finance the purchase directly.Partnerships: Pool resources with a partner for additional capital.Private Lenders: Consider private lenders or hard money loans for more flexible terms, though often at higher rates.
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14 February 2024 | 1 reply
For investment properties, this interest would be considered an investment interest expense and can be deducted against your rental income on Property B.How to Claim: These interest expenses are typically claimed on Schedule E (Form 1040), where rental income and expenses for investment properties are reported.Limits and Conditions: The deductibility of interest is subject to various conditions and limits, particularly with the Tax Cuts and Jobs Act (TCJA) affecting the deductibility of mortgage interest.