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1 February 2025 | 1 reply
You have to complete Schedule E if you have rentals.You should check if the turbo tax premier version allows the filing of Schedule E.With that said, using a software like Turbo Tax will assume you to understand what is deductible.If you work with a tax professional, you are more likely to have an accurate return.
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13 February 2025 | 9 replies
It's crucial to consult with professionals experienced in 1031 exchanges and partnership dissolutions to ensure compliance and optimize tax deferral.Given the complexities, seeking personalized advice from a tax advisor or attorney is highly recommended.
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13 February 2025 | 1 reply
I took many courses before actually taking action on my first investment and I still have self-doubt when attempting new strategies and I have failed.Second, anyone who has not experienced self-doubt has not pushed themselves into the uncomfortable place of trying something new and potentially failing but learning a great lesson making them stronger.You are capable Robel.
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29 January 2025 | 3 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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31 January 2025 | 7 replies
Readers should seek professional advice.
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13 February 2025 | 1 reply
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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12 February 2025 | 6 replies
Readers are advised to seek professional advice.
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8 February 2025 | 4 replies
(And then any state implications)Given this isn't pennies we're talking about- working with a qualified professional to help mitigate the tax would be your best bet.
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28 January 2025 | 20 replies
Here is an example of what it costs you to avoid professional advice.
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5 February 2025 | 4 replies
Utilizing the many resources to analyze deals and help find investor friendly professionals in your area has helped me tremendously.