13 October 2024 | 11 replies
In the event of a sale, are you able to subtract realtor fees and other sale fees from the net gain of the sale?
23 September 2024 | 10 replies
What’s also true is that you can deduct expenses and even depreciation on this same % and subtract the first $1000 before calculating the UBIT.
1 February 2018 | 2 replies
I thought everything was moving along fine, but when I received the initial closing disclosure the total Cash to Close was $11k before subtracting for the EMD and Appraisal.The issue is; I feel that the Cash to Close is much higher than what I expected.
27 July 2017 | 6 replies
@David Ivy Yep that's true David, in the formula for that cell I took the ending hypothetical value of the home after 30 years with the assumed house price appreciation, then multiplied it by the 6% percent realtor fees and subtracted it along with the capital gains deduction and original value of house, then multiplied the result by 15% to determine capital gains tax.
27 September 2018 | 2 replies
The Market Center Calculates Profit every month and splits commission 70% to the agent, 6% to royalty fee, and remaining to the broker and then subtracts KW Approved Expenses from Company Dollar.
1 June 2015 | 13 replies
For instance, when I'm calculating my expenses with the mortgage included and I subtract the expense from the rental income, I'm left with the cash flow.
6 March 2015 | 2 replies
I would then subtract out the build cost.
6 March 2024 | 20 replies
I understand that passive losses cannot reduce your taxable income and must be rolled over to be subtracted from future passive income, UNLESS you meet the special allowance that says you may deduct up to $25k in passive losses from taxable income if your modified AGI is less than $100k that year.
5 October 2024 | 14 replies
I could work backwards if I had to to add up all of the depreciation I claimed over the years and subtract that from my original basis, but I don't know what the original basis was.
13 January 2024 | 356 replies
That works out to $200 and after subtracting the $100 HELOC fee it saves you $100 per year.