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16 February 2025 | 16 replies
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
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25 January 2025 | 15 replies
., I left Anderson for a small firm that will do the actual taxes and then another company that specializes in tax strategy.
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4 February 2025 | 2 replies
Also, I'm not sure how you're paying attention to it on the tax side, but the unit that you are living in's profit at sale is calculated differently than the other unit that you're renting out.Once you move out, that unit is officially available for rent so from that point forward, any profit gained at future sale will be calculated starting from that point and will be taxable.
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3 February 2025 | 8 replies
If you're still looking for a CPA/Tax Strategist in California feel free connect.
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4 February 2025 | 1 reply
Income would be from hunting dues and timber harvesting, expense would be conservation management, taxes, and the mortgage.
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30 January 2025 | 4 replies
Additionally, high-income earners with modified adjusted gross income (MAGI) over $250,000 (married filing jointly) may be subject to the 3.8% Net Investment Income Tax (NIIT).For 2025, bonus depreciation is at 40%, so consider leveraging it for eligible property assets like appliances or fixtures to accelerate deductions.
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8 January 2025 | 6 replies
And she’s the one that released the latest tax rates and year to year comparisons in September of 2024.
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24 January 2025 | 16 replies
Is an IRA subject to capital gains tax?
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26 January 2025 | 2 replies
I didn’t see your location in your profile or your post, but assume at least 17% state/federal taxes leaves you with $10k/yr.
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30 January 2025 | 4 replies
From a tax perspective, you'll want to take what you paid for the property plus calculate the improvements you made to the property during your time of ownership.