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29 January 2025 | 8 replies
Hi Steve, where did you get your property tax estimate from?
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7 February 2025 | 2 replies
You might consider: Consulting a Real Estate Attorney – Your emails may possibly prove misrepresentation.Requesting Public Records – A FOIA request might reveal why the city denied you but later approved the duplex.Escalating to City Officials – Bringing this to local officials could expose inconsistencies.Exploring Tax Write-Offs – A CPA might help offset your financial loss, if it is possible.I’d definitely seek legal advice.
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3 February 2025 | 7 replies
However, these programs typically qualifies borrowers based on their income, such as tax returns.The DSCR would be a good option considering you and your husband are entrepreneurs and the tax returns don't look good on paper.
8 February 2025 | 10 replies
I want to cancel TODAY and get a refund of the $390 + tax membership fee.
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2 February 2025 | 4 replies
Since the trust is a disregarded entity, the benefit is bypassing probate, not tax issues or liability concerns.
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29 January 2025 | 4 replies
Rent payments from the medical LLC are fully deductible as a business expense, while the property-owning LLC will report the rent as taxable income, which can be offset by deductions for expenses like mortgage interest, property taxes, maintenance, and depreciation.To ensure compliance, document how FMV was determined—using market comparisons, an appraisal, or similar data—and draft a formal lease agreement outlining the terms, rent amount, and responsibilities.
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5 February 2025 | 14 replies
I currently have a pre-tax retirement account with employer match and a Roth IRA invested in the stock market.
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22 February 2025 | 48 replies
It reminds me of one of the TAX sale how to traveling freebie events that came to town last spring..
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18 February 2025 | 12 replies
Too risky for us.Regarding additional guest packages, you can easily change your tax situation by offering what the IRS calls "significant services".
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10 February 2025 | 9 replies
I know that i could buy my next multi family property as a primary residence close by move in, rent half live in the other and than rent where i am now which would cash flow upwards of 1k monthly, or i could buy another multi as strictly an investment property out of state which would be a lot cheaper (taxes and cost of property) and a lot more landlord friendly laws than New York, i guess i’m just undecided on which route i want to take and I’m trying to weigh the pros and cons of each scenario.