Marc Zumpano
NYS Rental Laws.
23 December 2024 | 3 replies
If you're going to make a lot of changes, I recommend consulting an attorney to ensure you're updated on the laws.
Audrey Sommer
Texas Laws on Out of State Investors
9 January 2025 | 8 replies
First, Texas is one of the most landlord friendly states in terms of laws.
Chris Shon
Do I need a Real Estate Tax Accountant?
9 January 2025 | 14 replies
And you now have to file three tax returns:- partnership tax return- your individual tax return reporting 1/2 of the partnership losses- your partner's individual tax return reporting their 1/2 of the partnership lossesAnd while partnership return can be DIY-ed, it probably should not be.
Michael Plaks
RANT: Preparing/Planning/Guessing for the 2nd Trump Tax Plan
19 December 2024 | 13 replies
Quote from @Benjamin Weinhart: I personally think that a lot more happens on the tariff side of things than actual income tax law.
Noyessie Hubert
Am I understanding this rent control law correctly
26 December 2024 | 2 replies
New Jersey state law allows for owner occupants to have much more freedom.
Grace Chee
Appeal property tax increase in FL
27 December 2024 | 7 replies
That will show what proposed tax increase you will see.
Katie Miller
If you use a CPA or Tax Professional, how did you find him or her?
9 January 2025 | 113 replies
Because I'm not an accountant or versed in tax code and law wouldn't I want a CPA to ensure everything is legally tight and as advantageous as it can be?
Bruce M.
Large RV or Boat - Tax incentives, Tax strategies
9 January 2025 | 5 replies
Looking for various tax strategies to reduce the reality that a large RV or boat is a grossly depreciating assetI would not have a loan, so claiming it as a primary or secondary residence and claiming the mortgage deduction is not applicable.I sold my primary residence and I have several rental properties which I use as I'm fixing them up.What I'm pondering is living aboard and working aboard developing a new product, while traveling.
Michael Plaks
Crazy technicalities: how the IRS defines your age. Spoiler: it depends.
29 December 2024 | 1 reply
Nice, but confusing.Our situation: FICA for kids turning 18 while working for us.So, the only thing we can conclude so far is that the age definitions in the tax law are wildly inconsistent and unclear.
Troy Smith
CPA tax advice.
9 January 2025 | 11 replies
You may be able to deduct mortgage interest and property taxes before the property is in service.