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16 February 2025 | 14 replies
If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.
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20 February 2025 | 18 replies
Otherwise, probably not as they know they can get out of a significant debt by running from and avoiding it and have shown they will do that.
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13 February 2025 | 12 replies
I always like to look at several years worth of property taxes.
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13 January 2025 | 7 replies
Looking for various tax strategies to reduce the reality that a large RV or boat is a grossly depreciating assetI would not have a loan, so claiming it as a primary or secondary residence and claiming the mortgage deduction is not applicable.I sold my primary residence and I have several rental properties which I use as I'm fixing them up.What I'm pondering is living aboard and working aboard developing a new product, while traveling.
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17 February 2025 | 13 replies
As a contractor I had to work for money, be at the mercy of the customer, jobs and timelines never seemed to go as planned, only to pay tax on the money I worked for.
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21 February 2025 | 12 replies
There are many reasons we transitioned from NY to TN:Taxes: Tennessee's tax-friendly environment means we get to keep more of our hard-earned money.
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15 February 2025 | 9 replies
It’s still relatively affordable compared to bigger cities, has strong rental demand, and no state income tax, which is always a plus.
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21 February 2025 | 2 replies
If you haven't aggregated properties in prior years, you must attach a statement to your tax return in the first year of aggregation, identifying the properties and explaining why they meet IRS guidelines.This post does not create a CPA-Client relationship.
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15 January 2025 | 11 replies
I assume you would have to pay cash, because you have to spend all cash received to avoid taxes.
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21 February 2025 | 4 replies
They can really throw off your numbers if you are not familiar with a citys transfer tax, and fees.