Jonathan Bock
Do investors know what their tax rate is?
10 October 2024 | 23 replies
They know their rate.The stock forms from my CPA include a tax comparison page that makes it easy to calculate the effective tax rate and compare line items year over year.
Matthew Freese
Tax Deduction Rollover Into Next Year
9 October 2024 | 5 replies
The only items affecting capital gains are basis and expenses of sale.
Account Closed
7 Common Mobile Home Inspection Problems
10 October 2024 | 0 replies
Have you ever overlooked a major item that needed replacing?
Mike Irwin
Short term rental
8 October 2024 | 1 reply
Furthermore, during the rental period, expenses like repairs and insurance were deductible, but these deductions end when the property becomes a primary residence, with only mortgage interest and property taxes potentially deductible as itemized deductions.In short, converting a rental property into a personal residence can provide some tax advantages, but you’ll need to account for taxes on both the depreciation and the portion of the gain from the rental period when you eventually sell the home.
Noah Bacon
How will the Port Strike impact the US economy?
7 October 2024 | 3 replies
The ILA is North America’s largest longshoremen’s union, with roughly 50,000 of its 85,000 members making good on the threat to strike at 14 major ports subject to a just-expired master contract with the United States Maritime Alliance, or USMX, and picketing workers beginning to appear at ports.I have been reading that if the strike drags on, we can expect some shortages on perishable items that the US imports.One of those is bananas; the US imports 100% of its supply.
Alex Tokmazeyskiy
Thinking of investing with Cash out or HELOC
9 October 2024 | 10 replies
Pay off existing mortgage: The new loan pays off your original mortgage, including closing costs and any prepaid items.2.
Robert Bell
Memphis is still the one!
7 October 2024 | 2 replies
I'd much rather read concrete stats and newsworthy items, but instead met with what seems like a covert shill.
Patrick C.
Numbers/ excel spread sheet
7 October 2024 | 9 replies
@Rajiv: Have you seen a sheet that is good to maintain your month by month property management items
Alex Todd
REPS status scenario + underwriting paper losses
9 October 2024 | 9 replies
Assuming you are in the 22% - 24% federal tax bracket for most of your income, your tax would be about $76,000(disregarding standard/itemized deducitons and other income).If you can somehow show rental losses = $300,000, you would get a refund of her federal taxes and potentially state taxes also.
Sarah Hatton
Bpcon 2024 Meetups?
6 October 2024 | 15 replies
Some items considering:- Chichen Itza- Swimming in cenote Ik Kil- Valladolid Centro- Las Coloradas- Izamal- Akumal beach- Shopping in Playa del Carmen- Tulum Ruins- Cenote Dos Ojos- Xplor- Parque Nacional de los Arrecifes (cozumel island)Have not yet looked into transportation or lodging for period outside the conference dates.