15 August 2024 | 2 replies
Depending on the facts and circumstances of the agreement, it could either be treated either1) the sale occurs as of the original agreement date, and then your taxable gain is generally spread out over the life of the principal payments as an installment sale (although I should mention any depreciation you've taken on your property could affect this), or2) the sale does not occur until the lease option is exercised, and gain reported at that time.
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14 August 2024 | 1 reply
The seller would like to net the most but also carry a note after at least 50k in taxable proceeds, in order to defer her capital gains.
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14 August 2024 | 1 reply
The cash you receive from a cash-out refinance is not considered taxable income because it’s essentially a loan.
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20 August 2024 | 452 replies
We charge a 0% interest rate in this technique because so you have no taxable income for your company when you do it.
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13 August 2024 | 11 replies
I would like to find tax strategies to reduce my taxable income.
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13 August 2024 | 21 replies
And that section, "Business or Rental Use of Home" appears to only apply to business or rental properties that were apportioned separately from the main home / living area.The only real hangup I'm seeing is on Page 14, where it states: "How Much Is Taxable?
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12 August 2024 | 6 replies
It should give a good return, over next 6-9 months with either a gradual FED rate cutting and a great return with a Recession. another option is AGNC/NLY. 2 mortgage Reits that own billions of agency MBS, so as rates fall, their underlying bond assets will rise in value dramatically causing stock their prices to rise, and they pay hefty dividends while you wait, AGNC paying me >14.4%if staying in cash consider USFR pays 5.4% taxable, or BKN 5.6% tax free as munisGO TEXANS!
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13 August 2024 | 69 replies
Not positive but I think you have to recapture it just like any sale.. so if you got 50k write off you will have a 50k taxable gain ????
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9 August 2024 | 13 replies
These detailed records, (many copies of which had to be scanned & emailed to them), saved us from any 'taxable consequences'.
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8 August 2024 | 11 replies
Depreciation allows you to spread out the expense of assets over several years, reducing taxable income each year.If you need further clarification, financing for your projects, or just have more questions please feel free to reach out to me directly.