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31 January 2025 | 9 replies
It's unclear on how that plays into your question about taxes.
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31 January 2025 | 7 replies
The rates vary throughout the State because of the different millage rates and tax districts, but in Richland County for instance, the taxes essentially triple once it goes from legal resident to non legal residence.
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27 January 2025 | 4 replies
On top of that, hiring tribal members for construction or operations could qualify for employment-related tax credits.
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2 February 2025 | 3 replies
I’ve been working with real estate financials for a while, and I keep seeing one mistake that costs investors thousands: poor bookkeeping leading to missed tax deductions.🚨 Common issues I see:❌ Not properly tracking repairs vs. capital improvements❌ Missing out on cost segregation & depreciation write-offs❌ Scrambling at tax time instead of planning proactivelyI’d love to hear from the group—what’s been your biggest tax headache as an investor?
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30 January 2025 | 2 replies
We also had a transient tax and municipality as well.
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2 February 2025 | 14 replies
Almost every action taken in the economy is taxed and the faster the economy chugs forward the more taxes they collect.
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7 February 2025 | 7 replies
I have two questions regarding mortgage interest tax deductions.First, last year, I purchased a HUD property at a significant discount and used a $70,000 HELOC from my primary residence for the down payment.
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6 February 2025 | 0 replies
In our experience, a well-vetted VA can help streamline deal sourcing, initial due diligence, and administrative tasks—allowing investors to focus on strategy and decision-making.In our team, we take pride in hiring professionals who truly understand the nuances of the industry.
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6 February 2025 | 3 replies
More like a 101 of taxation: you had a reserve of losses -> it helps when you have profits.And a tax geek addendum:I also do not see a direct link to cost segregation benefits here.
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6 February 2025 | 9 replies
Quote from @Jordan Hamilton: Looking for assistance how to actual structure my taxes.