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29 March 2024 | 7 replies
Every $100k in gain up to the limits, $250k (if single) or $500k (if married) will save you $15k in federal taxes and I’m guessing $5-10k in state taxes?
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29 March 2024 | 11 replies
Sold it a year after that and walked away with $400k, mostly tax free.
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30 March 2024 | 7 replies
Even if you are actively operating as an STR the lender will look to tax returns for income, so if it has been less than a year they will still go on LTR income.You need to factor in that your lender is going to underwrite any loan based on LTR income only.
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29 March 2024 | 7 replies
You can always "borrow" or withdraw the principle since you already paid taxes on it. 2.
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29 March 2024 | 10 replies
If I have to pay taxes on my income, SO DO THEY!
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29 March 2024 | 2 replies
The value around $20k according to the local tax office.
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1 April 2024 | 48 replies
security, fencing, a guard dog inside or someone stays there at night $1500carry cost of your loan/tax/insurance$?
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28 March 2024 | 16 replies
**Tax and Term-Free Loans**Are you leveraging the advantage of tax-free loans against your policy’s cash value, with the added benefit of no mandatory repayment terms?
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30 March 2024 | 2 replies
I got about $4200 back on my taxes last year because of depreciation, and it felt great!
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26 March 2024 | 5 replies
I stumbled on some information about short term rental tax benefits as it pertains to lowering W-2 Income.