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19 November 2024 | 8 replies
Experience with Multi-State Taxation - Do they have experience handling income from out-of-state properties and navigating California’s specific tax requirements for LLC members?
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23 November 2024 | 40 replies
No, no tax at all up till now.
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25 November 2024 | 16 replies
And I visit my markets were I work every quarter and walk every loan..
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23 November 2024 | 7 replies
We've been communicating quarterly on the property status, but a simple search on Zillow made me think he's lying to me.
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19 November 2024 | 7 replies
Half-year convention: If no mid-quarter rule applies, you might claim half a year of depreciation for certain assets.2.
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19 November 2024 | 5 replies
I recommend finding a tax strategist who specializes in real estate taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
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19 November 2024 | 5 replies
You can read more about this tax at www.IRS.gov Pub 598.
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17 November 2024 | 1 reply
Convert the Property to a Primary Residence: If you live in the property for at least two of the five years before selling, you may qualify for the primary residence exclusion, which allows you to exclude up to $250,000 of capital gains ($500,000 for married couples) from taxation.4.
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18 November 2024 | 15 replies
A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
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19 November 2024 | 12 replies
@Johnny SmithThere are other ways to reduce your taxes besides real estate.I recommend finding a tax strategist who specializes in real estate taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.