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29 November 2021 | 13 replies
Rhetorically, is it more or less than what an ordinary investor would do or what a real estate agent would actually get in commission (realizing a “commission” is split really four ways) for helping to do all that work — which I do anyway ?
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9 November 2021 | 0 replies
As an ordinary wage earner, you are used to paying daily expenses with your regular income.
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21 March 2022 | 8 replies
You may want to talk to your CPA about establishing your home as your principal place of business so you can deduct future travel expenses) "Local transportation expenses: You may be able to deduct your ordinary and necessary local transportation expenses if you incur them to collect rental income or to manage, conserve, or maintain your rental property.
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14 November 2021 | 8 replies
The profit would be taxed not as capital gains but as ordinary income.
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16 November 2021 | 4 replies
If you sell, factor in sales expenses (8-10%) and taxes (ordinary income if owned less than 1 year).
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16 November 2021 | 3 replies
I called the company who sent someone to take a look along with my property manager but they did not find any leaks or anything out of the ordinary.
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13 January 2020 | 6 replies
If they were collecting principal and interest, the interest portion of each payment would be paying ordinary income tax rates.
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19 January 2020 | 3 replies
The IRS may want to charge this to them as ordinary income as opposed to interest income.3.
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18 January 2020 | 0 replies
The huge back yard has a covered patio and overlooks a gorgeous field of cedar trees.
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30 January 2020 | 9 replies
Amentites-Porchs, patios, decks, fireplaces, pools, fencing, barns, and all real property amentites.5.