Daniel Lehman
Pay off car loan or buy first rental?
9 June 2016 | 68 replies
She changed her withholding on her paycheck.
Adam Moehn
Deposit Withholding for Cleaning
20 June 2016 | 13 replies
Do you withhold anything for cleaning, or just figure it's part of turnover?
Natalia Collini
My living room floods regularly!
8 June 2016 | 13 replies
I've been reading about withholding rent and using it to potentially pay for the repairs to the structure but I'm a little confused about when that part happens.
Ron Sohn
Got my first out of state property in escrow. Now what?
12 September 2018 | 4 replies
Also ask about the need to make estimated payments since if you have a W-2 job, your withholding may or may not be enough to cover your real estate income.
Valentine Sviatocha
Advice needed - foreign investment tax implications
31 July 2018 | 5 replies
From what I know, the sale of the property will trigger a possible tax liability with a required withholding of about 18 1/3% of the gross sales price (fed and state taxes).
Jason Ballesteros
Flipping homes through an S-corp??
22 November 2010 | 14 replies
They withhold taxes, and pay additional FICA taxes on your $80K salary.
Tijana Flowers-Harris
Buying first property in Rhode Island
12 June 2018 | 2 replies
@Tijana Flowers-Harris this is certainly a question for your accountant/CPA, but to my knowledge there are no special tax implications for you when you buy or while you own the property.However when you go to sell, if you aren't a resident of RI you may face non-resident withholding of part of the sale proceeds (see Withholding on Sale of Real Property by Nonresidents and/or the non-resident withholding law itself).Also, you should be aware that apart from tax considerations there may be legal considerations for owning property in RI if you live in Mass.For example, you may also need to register as an out of state landlord with the RI secretary of state and possibly the city of Pawtucket as well.So you'd want to ask your attorney about those and any other one-time and ongoing requirements for owning property in RI if you live out of state.
Glenn N.
income for solo401k passive income
31 October 2022 | 20 replies
This salary (minus the withholding) can fund the solo 401k.
Matt Stefanik
B of A refusing me information!
14 September 2010 | 2 replies
I, of course, argued until I was blue in the face and continued to ask to speak to the rep's supervisor until I couldn't get any further, but to no avail.I told them they were imposing a company rule that was a violation of my legal rights and they do not have the legal right to withhold information from me when I in fact have a written legal document signed by the homeowner expressly authorizing me to receive any and all information on the account.B of A informed me that they are "not allowed" to give any information from now on to any other third party unless it is to the realtor.So, if you do choose to deal with Bank of Evil (not me, they're out), the only way you may be able to get any progress is to pose as the realtor.
Sandra Koen
Is this legal for my landlord to do?
8 January 2019 | 8 replies
Hopefully you've been saving the rent you've been withholding to make that a little easier.