
24 March 2019 | 4 replies
How does capital gains lower you ordinary tax bracket, also in seller finance is the interest tax a ordinary tax or still capital gains tax?

5 October 2019 | 8 replies
My understanding is that I can invest through an agent, and get a safe, trouble-free income stream (with the understanding that this would be taxed as ordinary income).I'm afraid of making a ghastly mistake here.

14 April 2022 | 8 replies
As with any short term flip, you will be paying taxes based on your ordinary income tax brackets but having a tax bill, while never easy to swallow, is not the worst thing in the world.

20 August 2022 | 12 replies
The other thing is doing this will have no impact on your tax situation since a flip is taxed at ordinary income tax rates no matter how long it is held.

19 September 2022 | 15 replies
They are out-of-the-ordinary and lenders don't treat them like homes.

10 February 2018 | 3 replies
With respect to the dishwasher, you can probably expense the dishwasher in full, but if you have a taxable loss for the year that can't be used to offset your other ordinary income because your other income is too high, or, your net passive loss exceeds the net passive loss amount you are allowed to claim, then consider depreciating the dishwasher over five years.

16 February 2018 | 5 replies
Residual Income: The amount of money left-over after you have paid all of your ordinary and necessary debts including the mortgage.

19 June 2017 | 10 replies
You're not, you're paying ordinary income tax plus 15.3% SS/med.

23 December 2017 | 9 replies
Your sale proceeds minus all costs, including purchase price, renovations, selling fees, etc are tax at your ordinary tax rates.

4 October 2017 | 13 replies
Unless you have something out of the ordinary going on, they should be able to help you through it all.