
13 October 2024 | 5 replies
Recommend consulting a tax advisor before moving forward with this.

18 October 2024 | 37 replies
For roughly $400 a year you can be a BP Pro member and it should be a tax write off as educational expense, but always ask your accountant, and use all the calculators infinite amounts of times.

14 October 2024 | 3 replies
If you own multiple properties, you can elect to group them together as a single activity for tax purposes, known as a "grouping election.”

9 October 2024 | 5 replies
If so, are they deducted from capital gains tax, or my normal income tax for the year in which I sell?

14 October 2024 | 3 replies
Lease the house would bring in about $2200 per month (minus tax, ins.) and so what would an Airbnb bring in?

16 October 2024 | 16 replies
Becoming an employer adds a whole different layer of rules/taxes etc in addition to that it might not be permitted by the Broker

10 October 2024 | 8 replies
They work on our accounting/bookkeeping/reporting/administrative aspects of our rental portfolio.

14 October 2024 | 4 replies
Also, at the end of the day, if you have budget left over, make a draw and enjoy that tax free money.

14 October 2024 | 31 replies
You have limited appreciation and often the taxes go up later and shortfall the cash flow expectation.Rent-ready for you would also mean live-ready, but by having two residences and two short-term options when you are not there, you are creating a lot of upkeep and maintenance on both that will be very hard to manage.

16 October 2024 | 9 replies
Early withdraw taxes really hurt.