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2 April 2024 | 7 replies
It's not a meaningful number you'd ever want to share because income taxes are not deducted from the way properties are generally marketed and this will make your numbers look lower.If you wanted to calculate income net of income taxes at the property level you'd have to first take the net income for the property from Schedule E and divide it by the total income.
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3 April 2024 | 6 replies
Many counties do allow for e-recording of deeds though (search: "record deed [County] West Virginia"), but I think there might be only one service that does this, and it might require a subscription.
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31 March 2024 | 1 reply
You also correctly noted the carryover losses from previous years, which can be used to offset current year profits.Based on your figures, your net income on Schedule E would indeed be $2,000 ($2,000 profit - $0 carryover loss for one property, and -$4,000 loss + $2,000 carryover loss for the other).Your concern about not being able to claim losses due to higher income (> $150,000) likely relates to the passive activity loss rules.
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1 April 2024 | 17 replies
On the box clearly label it "BOX E" Then try sending mail to your address, box E.
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31 March 2024 | 8 replies
As you may be aware, it's possible to remove the lien according to Title 28 U.S.C. 2410(e).
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1 April 2024 | 10 replies
@Ashish Acharya, @Basit Siddiqi, @Natalie KolodijThought that a single member LLC doesn't require a separate return and everything flows through to the 1040 Schedule E?
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1 April 2024 | 14 replies
Quote from @Scott E.: Yes, very common from a broker to ask for an LOI before sending financials.
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2 April 2024 | 49 replies
Originally posted by @Lynnette E.
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3 April 2024 | 83 replies
Half the time the appraiser thanks me for getting half his work done for him)And then it's very mundane - I get his e-mail address, the best phone number to call if I need to get in touch with him, and then...
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29 March 2024 | 21 replies
Quote from @Randall E Collins: Quote from @Chris Flynn: Have you ever posted the property on Keyglee?