Joan E.
rental property and tax filing
2 January 2025 | 3 replies
You can always use a software like Turbo-Tax and follow the prompts.
John Underwood
No tax on Tips for Rental Income
31 December 2024 | 12 replies
So, when Trump changes to no tax on tips I feel inclined to change my rental income structure.50% reduction in rent.Previous 50% made up from a mandatory nontaxable tip.
Michele Hart
Inherited a house with my 2 brothers
3 January 2025 | 8 replies
If she gifts the home to you, you inherit he cost basis and owe all the taxes.
John McKee
Looking back on 2024
3 January 2025 | 7 replies
During the 2years we’re spending $ on attorney fees, and I’ve got that “queasy” feeling, especially since it’s questionable whether or not the properties are worth the amount we are owed.
Rich O'Brien
I’m losing a house to unpaid property taxes.
5 January 2025 | 16 replies
Use that loan to pay the back taxes and get things under control.
Doug Kirk
Liens on a property and determining position
3 January 2025 | 8 replies
However, that inheritance tax is still owed and is a lien on the property even though IT IS NOT RECORDED ANYWHERE!!!
Sergei Voyakin
Repaying a loan in stock vs cash
24 December 2024 | 2 replies
If you don’t pay the tax when you transfer the stock to them they’re going to owe the taxes on your gain and you haven’t really “paid them back”.
Bradley Buxton
What are the scariest things about real estate investing?
5 January 2025 | 24 replies
It's pretty scary coming out of a flip deal owing money......
Nirek Rao
Attorney specializing in immigration + business + tax laws
1 January 2025 | 1 reply
To navigate the nuance in the laws properly for compliance and to accurately structure our LLC, I am looking to consult with an attorney who knows immigration + business + tax laws.
Jennifer Allen
Triple Net Lease - When to pay property taxes
27 December 2024 | 2 replies
After collecting tenant pass-throughs for the year, do you pay the property taxes at the end of the year or the beginning of the next year?