
26 April 2024 | 3 replies
If i give them a down payment and they finance the sale over 20 years, are the capital gains deferred or is it taxed at the income tax rate?

26 April 2024 | 11 replies
Morning, My current accountant charges me $725 to do my taxes for my three properties.

25 April 2024 | 9 replies
She doesn't owe you unless negligent.

26 April 2024 | 8 replies
Tax Returns: Request copies of the individual's previous years tax returns will confirm there yearly income and account for expenses and liabilities.4.

25 April 2024 | 25 replies
The only debt I have is what I owe on my current vehicle.

26 April 2024 | 45 replies
Took the tax hits on all.

24 April 2024 | 0 replies
In need of one to use towards property tax appeal for appraised home value by appraisal district.Thanks,Nick

24 April 2024 | 2 replies
Here is the detailed information:A condominium was purchased by Person A on 11/01/1986 for $52,700.On 11/7/2015, a real property was quit claim deeded by Person A to Person B as a joint tenant with rights of survivorship and Person C as a joint tenant with rights of survivorship.On 11/17/2020 person A died.On 01/17/2023 person B died.Person C (myself) will be selling the real property.I need to determine what capital gains I owe on interests I held and then the additional stepped up interests I acquired through survivorship.My analysis is as follows:The timeline for ownership interests is:11/01/1986 Person A 100%11/7/2015 Person A 33.33%, Person B 33.33%, Person C 33.33%11/17/2020 Person B 50% & Person C 50%01/17/2023 Person C 100% The tax implications are:1.

27 April 2024 | 12 replies
But if I could do it again I would buy a duplex to quadplex and take advantage of the ability to buy it with little or no money down (VA or FHA if eligible) and have started collecting rent much sooner.Advice I wish I had gotten earlier would definitely be accounting and tax related.

25 April 2024 | 2 replies
Lenders might be willing to accept less than the full amount owed, especially if the property is underwater (i.e., the mortgage balance exceeds the property's market value).So, in short, you can pay off the mortgage even if it's technically still in the previous owner's name.