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9 February 2025 | 2 replies
My wife and I have business income and our accountant can divide the income according to what would be the best for reducing tax liability.
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8 February 2025 | 21 replies
They are investing in infrastructure, housing, public safety and taking the steps they need to take to attract more jobs.
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1 February 2025 | 12 replies
No, taking out a HELOC and spending it does not reduce your taxable capital gain when selling your home.
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23 February 2025 | 246 replies
It is all on the SEC edgard website. every reg a offering is public record.
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6 February 2025 | 3 replies
Maintenance and potential repairs will also require a long-term financial plan and setting aside a contingency fund for such expenses.The steady cash flow, appreciation over time, and tax benefits can make a meaningful difference to your wealth in the long term, especially with the principal paydown on the mortgage.However, if managing the property from a distance feels too burdensome, or if you’d prefer the certainty and flexibility that comes with having less debt (especially given the high mortgage rates), selling and using the $100,000 in equity to reduce your loan for your next home may be the smarter move.
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23 February 2025 | 5 replies
Water bills are publicly accessible here.
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12 February 2025 | 12 replies
While you likely won’t owe taxes due to the loss, filing is still required since the rental property is located in Missouri.Kansas (KS): As a Kansas resident, report the rental loss on your KS state return (KS-40) since Kansas taxes your worldwide income, including out-of-state rental activity.Tax Impact: The rental loss reduces your federal taxable income and may lower your overall state tax liability.
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21 February 2025 | 7 replies
Not sure about FL, but many places don't publicly list the purchase amounts, so tough to know what they sold for.
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19 February 2025 | 8 replies
I am not an accountant or tax professional so I would recommend talking to your account about what that means and maybe some strategies on how to reduce your tax liability
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28 January 2025 | 19 replies
Which is not easy for possible for many people (like your husband).Once you really know what to do, the risk level drastically reduces.