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8 November 2023 | 11 replies
Replace rotted door trim around back exterior door, install a flashing on top of the back patio roof (seal the gap between the side of the house and the patio roof), level large stones in the back patio that have shifted over time, replace a couple pieces of broken vinyl siding, add transition pieces between vinyl floor and tile floor (2 transitions), fix a couple outlets that aren't working, replace cabinets, countertops, and add tile backsplash in the kitchen.This is obviously more than a couple days' work, but I'm capable of doing most of this myself, I'm just looking for some help to speed up the process so I can get it on the market faster.
24 September 2018 | 2 replies
Account Closed For number 2, the long-term capital gains tax rates replace the ordinary income tax rates.
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9 February 2021 | 10 replies
So the profits are subject to all taxes included self-employment taxes as if it was ordinary earned income.
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28 January 2021 | 2 replies
I believe it is ordinary income and taxed at my personal income tax rate.
26 December 2016 | 2 replies
That income is ordinary income and taxed at the highest rate.
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16 March 2015 | 7 replies
Depends on updates to each home and other factors, like age of roof, with/without pool or covered patio, year built, location (close to airport or high traffic), etc.
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20 March 2019 | 15 replies
On top of that, you have well/septic, impact fees, landscaping, driveways, patio/lanai, etc.
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27 September 2023 | 4 replies
In this situation, there are some important tax considerations to keep in mind:No Penalties on Contributions: Since you made post-tax contributions to your traditional IRA (meaning you didn't take a tax deduction when you contributed), you won't face the usual 10% early withdrawal penalty, even if you withdraw the contributions before age 59½.Tax on Earnings: If your IRA has earned any interest, dividends, or capital gains over the years, and you withdraw those earnings, they will be subject to ordinary income tax.
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29 September 2014 | 9 replies
Anytime I inspect a unit, I want good documentation of anything out of the ordinary that I happen to see while I am there.
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13 December 2020 | 13 replies
If you are able to implement a real estate professional status tax strategy (REP) you can use passive losses from syndication deals to lower your ordinary W2 income.