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24 April 2020 | 27 replies
To the ordinary guy they will say, "See, stocks went up, GDP increased!!"
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3 May 2009 | 7 replies
Short term and Long term capital gains will not be considered here as this is all ordinary income from a trade or business and will documented on page 1 of your 1065.
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8 January 2008 | 3 replies
The net result is that the "taxable income" from the rental may well be negative even though the cash flow (aka money in your pocket, which is rent - expenses - mortgage payment) may be positive.There are limitations, though, on your ability to deduct this against ordinary income.
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13 February 2008 | 14 replies
If anyone is fully able to deduct the passive losses created by a 1% property against their ordinary income, then net would be better.
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5 March 2008 | 2 replies
I live in the UK and will need help and guidance in understanding mortgages, taxes, repatriation of funds (rental surplus and profit on sale) to UK, advice on areas to invest/hotspots, No money down packages for Brits, help and assistance with rentalsWonder if there are sites I can get such information or firms that offer such serviceWarm RegardsSunil PrabhuLondon
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5 October 2011 | 11 replies
Not recommending a theme, but maybe something somewhere a little out of the ordinary to differentiate your house in the buyers' memory.
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14 January 2015 | 5 replies
Find the courts that do this and you'll have your list.Here's some quick information:Judicial ForeclosureThere are two types of judicial foreclosure proceedings in Louisiana, executory and ordinary process.The executory process takes place when the lender uses a mortgage that includes an "authentic act that imparts a confession of judgment", as provided in the Louisiana statutes.
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9 July 2020 | 11 replies
My understanding is that any depreciation one cannot take against his ordinary income (for reasons such as making >$150k) can be later used to offset any capital gains down the road.
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21 November 2011 | 12 replies
If your LLC is in the business of buying and selling real estate, it would be ordinary income.
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11 March 2013 | 8 replies
In my view, these are better used for paper investments such as notes and lending, which are normally taxed as ordinary income.