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14 April 2024 | 885 replies
Pay Plastiq at the beginning of the period, it doesn't come due on your CC until the end of the period and most CCs have 30 days to pay your statement..Technically, the 2.5% is a financing fee is tax deductible under most situations.Downsides to the whole thing.The way I do it (not through the fund and grow business cards) is that it hits my personal credit.
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8 April 2024 | 1 reply
I’m also not sure if I can deduct the remodel expenses from my taxes w/o the 1099.
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8 April 2024 | 9 replies
If you donate them to a 501(c)(3) charitable organization, you can get a tax deduction equal to the current fair market value of property, no matter what your parents paid and no matter whether title has been quieted or not.
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9 April 2024 | 12 replies
If you are going to go heavy into real estate investing, there are many ways to defer taxes, so losing the personal residence deduction may not be an issue.
9 April 2024 | 13 replies
Can I pro rate the week and deduct this from his deposit?
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8 April 2024 | 8 replies
Although these items are eligible for tax deductions, I overlooked this aspect when filing my taxes last year.Now that it's 2024, I'm wondering if it's possible to file an amended return to potentially recoup some money from the IRS.
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9 April 2024 | 7 replies
I'm concerned about losing the QBI deduction because then the "management company" would be the one active in managing the business.
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8 April 2024 | 7 replies
Property taxes are 1% of assessed value for residential, and 2% for rentals, plus all the deductions fall off.
8 April 2024 | 5 replies
You can use a co-borrower just make sure they have good credit and a (2) year work history of W2 income.Try and avoid self employed co-borrowers because their tax returns typically do not show income and are full of deductions.