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27 December 2024 | 3 replies
Having lived there a year it is a foreign country and many things are different and culture etc plus you have the native peoples that own huge amounts of real estate and They dont pay income tax and they get food and gas for way cheaper etc etc..
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29 December 2024 | 1 reply
The facts are the same as in Example 1, except that B's child turns 13 on February 1, 2008, and B pays for the care provided in January 2008 on February 3, 2008... ...the amount B pays will be an employment-related expense under section 21, because B's child is a qualifying individual when the services are performed, even though the child is not a qualifying individual when B pays the expenses.So we CAN, after all, claim expense up to the birthday day!
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2 January 2025 | 11 replies
It wasn’t how I wanted to kick things off, but I worked with a contractor to get the bathroom fixed and functional.Once that was behind me, I focused on improving the building and maximizing income:I installed a shared washer and dryer for the tenants, a major upgrade that added convenience and increased the property’s value.I rented out the two garage parking spaces, bringing in consistent revenue.I also raised rents for the second- and third-floor tenants I inherited to be just below market-rate.
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31 December 2024 | 9 replies
This allows me to seed the property for 6-12month, then refi, and pay the full amount of the HELCO back in one payment.
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23 December 2024 | 3 replies
@Landon Sheveland People do fix and flips while living into the property to classify the property as primary residence and not pay any capital gain taxes. if that is your intention, don't use LLC to establish this as your LLC.If your goal is different compared to what I said above, you can use LLC.
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30 December 2024 | 7 replies
The IRS has a regulation that amounts less than 15K are tax-exempt, of course, this requires you to file a tax return.
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1 January 2025 | 12 replies
No different than if the mortgage amount was more than anticipatedThe assumption here is your purchase price was going to pay off the mortgage and the other liens - If not you don’t cancel closing you let them cancel it because they cannot bring funds to closing
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28 December 2024 | 16 replies
The hearing still took 30 minutes and he wanted to really concentrate on the accidental water charge, that we refunded and wanted to go into the math discrepancies, which amounted to about 40 dollars.
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26 December 2024 | 5 replies
I was blown away by the amount of never responded to emails and communications When you purchased the property did you keep the property manager in place?
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25 December 2024 | 10 replies
You call out the tenant for not requesting the smart lock be fixed, BUT it sounds like you knew about it!