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22 October 2020 | 6 replies
Not perhaps the usual purpose for that, but it was a mechanism to allow me to withhold and pay taxes and UI (my wife is a Schedule C filer with one employee so I am very familiar with the tax withholding and remittance to the government processes).They averaged about 35 hours of work per week (some weeks more than 40 and got overtime, others less) while they were there.
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21 November 2020 | 4 replies
The purpose of a 1031 is to defer payment of capital gains and depreciation recapture taxes.
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14 January 2021 | 10 replies
I purposely live 3 minutes from Home Depot for a reason.
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2 July 2021 | 2 replies
I really like the idea of building purpose built rental properties to my design/specs with a trusted contractor and lender so they can be repeated over and over again.
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24 May 2021 | 13 replies
For tax purposes - I am not sure how everyone acquired the properties but you shouldn't be reporting your parent's income on your return.
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21 May 2021 | 13 replies
The vacation rental communities are purpose-built and completely legal.
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15 May 2021 | 3 replies
So I'm persistent just wondering if I'm overdoing it and they are slow on purpose or if I'm missing something.
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15 May 2021 | 4 replies
The purpose of a security deposit is to ensure the tenant complies with the lease.
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18 May 2021 | 5 replies
And my earned income from those businesses equals about $275,000.Now lets say I buy real estate for the sole purpose of achieving a depreciation write off which equals about $275,000/yr.
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12 May 2015 | 3 replies
Speaking of which, do you create a mortgage with a note or can't a guy off the street make one, or what functions for the purpose of a mortgage for an investor?