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16 November 2024 | 21 replies
If you aren't actively participating (7 tests, you need to meet 1) in the syndicate, with REPS status or without, this would be very challenging, for the reason mentioned by other tax pros above.
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15 November 2024 | 32 replies
For example, 43206 has German Village and Driving Park in it.
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17 November 2024 | 30 replies
Rental income that is treated as business income, can be converted to non-passive income if one of the 7 material participation test are met and the taxpayer qualifies for Real Estate Professional Status.
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11 November 2024 | 16 replies
And a refinance will have fees attached to it which makes this even less attractive.3) Just because you are not a professional test doesn’t mean you can’t add value.
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14 November 2024 | 13 replies
My wife drives across town to get her hair done.
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12 November 2024 | 11 replies
I never pay for an inspection here and it's usually a drive by when they do it.The inspector says we need a new roof.
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12 November 2024 | 17 replies
Quote from @Jonathan Greene: All of your posts are sales techniques to drive business to you and you dial it back by making it like I was being mean to you.
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14 November 2024 | 15 replies
I also anticipate a surge in demand when rates do drop lower as a lot of people who have been waiting on the sidelines for lower rates will be entering the market again and driving up prices on the best properties.
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8 November 2024 | 31 replies
Some are basically renting out bed space and require tenants to sign an agreement to stay clean, and be tested upon request, with failing the test potentially leading to immediate eviction.
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11 November 2024 | 3 replies
They are just like you: working jobs, parents, side hustling, wearing sandals, and driving a Prius.