Lauren Merendino
Bruce D. Kowal
Being clever when dealing with IRS and State at the same time
17 January 2025 | 1 reply
And must be pretty significant unreported income if it would have caused $45k in state tax liability.You advised your client to wait past the expiration of state statute.
Account Closed
PM needs ss#
22 January 2025 | 14 replies
Quote from @Zara Massoud: Your new PM is correct and the old ones were wrong.The property manager must have your social security or tax ID number on file.
Abe Linc
Rental mortgage in retirement
22 January 2025 | 4 replies
Be sure to hold a hefty reserve to handle on-going maintenance, capex, taxes, and insurance.
Yasmin Mughal
Househacking in Baltimore County for 400K for a 3/2 or 4/3
22 January 2025 | 9 replies
I used to live in the city and the taxes and water bills are nightmares.
Clifford Pereira
Real Estate Professional (REP) Status guidance
23 January 2025 | 6 replies
California does not recognize Real Estate Professional (REP) status, but you can still claim it on your federal taxes if you qualify.
Brandon Stelling
Military Vet investors 100% disability benifits
20 January 2025 | 7 replies
The fact that you have a TAX-FREE income is crazy good.
Ryan Daulton
Benefits of self-directed IRAs
14 January 2025 | 18 replies
During escrow converted it to a Roth and paid the taxes.
Duke Butterfield
Sell or Rent? (Self-Manage or PM?), 4 year-old Primary Residence to Rental Property
24 January 2025 | 10 replies
(As AZ and your current state will fight over who gets to tax your gains with the federal government.)I have to throw most of the shade on your horrible tax guy/cpa who didn’t tell you renting it out was a $50-$100k mistake.
Rud Sev
High level of taxes for syndication
20 December 2024 | 20 replies
Would the federal tax liability be $140k at year 5 for the sale, with long term capital gains (ignoring any Net Investment Income Tax)?