@Autumn WebbIn addition to federal and state taxes, if you are under age 59 1/2 at time of the distribution a 10% early distribution penalty will apply.

@Michael Gayer JrHe still should complete them, plus W-9 which is the most important one.State taxes have nothing to do with it, it is for Federal (IRS) taxes.If he continues to argue - then I would not hire him.

*Reposting on the Maryland forum*Hi all,I am looking to get a HELOC on my primary to expand my rental portfolio and I came across Andrews Federal Credit Union with the following terms (property is in CA):The contact said they can go as high as 100% LTV after approval of appraisal ($450).

Then I would probably explain to them it is the policy of the federal government to have those in residential neighborhoods so the City and/or HOA cannot stop them.

So you pay federal and state income tax as well as self employment tax on that income.

@Ryan Keenan Lenders will generally add mortgage, interest, insurance, property taxes and depreciation back into your gross income when comparing it to your federal taxes and total PITI. 

Learn the local and federal regulations .This is extremely important for landlords .

I did not use FHA but I did obtain a VA Loan (still federally backed), and I was worried that the DC property could be viewed as a primary residence as these federal programs are generally meant for first time home buyers and not investment properties.

Flying off the handle can get you in trouble.For example, not renting to those in the military is against federal fair housing laws.

I have opened numerous accounts in Texas with just the Certificate of Formation and Federal Tax ID #