Roxanne Whitaker
MD Tax Law on Out of State Investment Owners
15 January 2025 | 1 reply
Any taxes not owed, a seller merely file a tax return with the state, just like any other tax returns filed for extra taxes a government has with held.
Nick Am
Setting up a management S-corp for managing rental property owned by an LLC
23 January 2025 | 16 replies
I doubt 10% of the GRM will equal enough to where an S filing status makes sense.The home office and such is nominal so that alone isn’t worth doing this.
Kathy Grossart
1031 exchange within an existing SDIRA
27 January 2025 | 5 replies
Hopefully your accountant did not file an 8824 reporting the 1031 exchange.
Cody Caswell
FHA Loan for Primary House - Full Time Real Estate Investor
5 January 2025 | 7 replies
This is my first personal mortgage so I'm trying to learn the game.
Ryan Treacy
What Do I Need to Know to Be a Landlord in Indianapolis, Indiana?
21 January 2025 | 4 replies
File an eviction with the court and provide the proper notices (e.g., 10-day notice to pay or vacate for nonpayment of rent).
Ashley Wilson
Pros and Cons of Joining a Coaching Program
27 January 2025 | 29 replies
I personally don’t see LP syndication investors as Real Estate investors.
Katie Miller
If you use a CPA or Tax Professional, how did you find him or her?
31 January 2025 | 120 replies
It should be from someone who uses that person.
David Williams
Capital gains question
1 February 2025 | 10 replies
Capital gains are calculated as:Sale Price - (Original Purchase Price + Capital Improvements + Selling Costs) - depreciation (if applicable) = Capital GainYour mortgage or HELOC balance does not affect this calculation—it only determines how much cash you take home after the sale.In Massachusetts, if the home was your primary residence for at least 2 out of the last 5 years, you may qualify for the Section 121 Exclusion, allowing you to exclude up to $250,000 (single) or $500,000 (married filing jointly) of the gain from federal capital gains tax.
Dominic Campelo
Newbie Looking to House Hack Possibly
8 January 2025 | 5 replies
When you say "we," are you speaking about your business or your personal tax returns, or does your business flow into your personal returns because you file as a sole proprietor?
Chris Hertig
Tenant Living in Garage/Shop!
14 January 2025 | 4 replies
The violations would include 'the personal occupation of a garage as residence' while asserting to police that he didn't live in it, along with the power overloads due to use not in keeping with a garage rental.