Of course there are ways around this, but the burden of proof is on you as the taxpayer.

The before and after tax payment is just a distraction, all  money you pay loans back with is after tax if it is going to your 401k or the bank.

Some Active Duty members don't live with honor and put an extra burden on tax payers.

The lower purchase price would result in lower monthly mortgage and property tax payments (~3%).The roof is "double roofed" and not showing any signs of leaking but the older roof is warped and likely would need replaced within a few years.I've never dealt with a roof before - Thanks!

The landlord, my friend is elderly  and on a fixed income struggling with the property tax payments and utility costs of the unit now .

@Mary Schlabach2020 Tax year was a unique tax year - Certain unemployment income was considered non-taxable as a last minute change.A lot of taxpayers also changed to married filing separate to take advantage of stimulus payments eligible for one spouse.However, getting the tax return done at the last minute if you just have W-2 and a rental is taking too long.best of luck in your search for a replacement.

If you are planning to invest within Philadelphia, you want your CPA to understand the tax filing obligations within the unique City.Philadelphia requires taxpayers who do business within the city to file the NPT(Net Profits Tax) and / or The BIRT(Business Income Receipts Tax).Best of luck when choosing your CPA.

If a taxpayer has personal casualty gains during the tax year, the taxpayer may deduct personal casualty losses not attributable to a federally declared disaster to the extent of the gains.

Nonqualified Use.The gain exclusion from the sale of a principal residence ($500,000 for joint filers and $250,000 for single filers) is not available to taxpayers for periods of nonqualified use.

Because the tax payer for the old property has to be the tax payer for the new property.