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11 January 2025 | 67 replies
$250,000 capital gain per spouse is not taxable.
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27 December 2024 | 13 replies
A single property is simpler to manage, carries lower financial risk, and offers streamlined tax reporting but may generate taxable income sooner.
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19 December 2024 | 12 replies
You might be referring to income / expenses that are reflected by cash.Cash you receive from rentsExpenses that you pay out such as insurance, interest, taxes, etc.You may not have included depreciation expense which would bring your taxable income down further.It may be possible that the negative taxable income would bring your taxable income down.
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23 December 2024 | 0 replies
SupplyLas Vegas is unique because it is a tiny island of privately owned land in an ocean of federal land.
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24 December 2024 | 5 replies
Ask yourself, why would the federal government pay MORE than market rent and waste our tax dollars?
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21 December 2024 | 0 replies
Very brief summary of article: CTA has a issued a nationwide Stay on the January 1, 2025 deadline for beneficial ownership reporting to the (Federal) Financial Crimes Enforcement Network (FinCEN).
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20 December 2024 | 8 replies
The 1031 exchange is a federal tax code and is not state specifc so you can exchange in and out of any state and in and out of any real estate investment (no flips or stocks).
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20 December 2024 | 9 replies
Quote from @Zach Engen: The federal savings bank does 5% down on vacation homes, talk to Jason Wray over there.Email?
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23 December 2024 | 12 replies
Fourth: even if the entire deduction is available, it results in much smaller automobile deductions in future years and extra taxable income when you sell the vehicle or trade it in.
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18 December 2024 | 15 replies
Here’s what to know.State Equalized Value versus Taxable ValueBack in 1994 Michigan passed the Headlee Amendment:(http://www.legislature.mi.gov/(S(k5m2va1uyfgwtbyjf4nqb1bx))/mileg.aspx?