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25 May 2024 | 2 replies
Usually primary vacation rentals eligible for AirBNB or nightly vacation rental usage are highly competitive.
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26 May 2024 | 28 replies
Only current business/investment properties are eligible for tax deferral under Section 1031.
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26 May 2024 | 27 replies
An alternative to a cash advance, these card loans allow eligible cardholders to borrow against a card’s credit limit and repay the loan monthly, sometimes with set repayment terms.Unlike an advance that comes with a higher-than-usual APR, the amount you borrow is subject to your card’s purchase APR or a lower rate, depending on the issuer.
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24 May 2024 | 6 replies
That’s your new basis and assuming you have lived in the subject property for 2 of the last 5 years then you would be eligible for the $250,000 deduction unless you have remarried then it would be a $500,000 deduction.
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23 May 2024 | 0 replies
This was more about me being able to use residential eligibility for a long term hold rather than pay rent each month.
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22 May 2024 | 6 replies
Your profile mentions that you are a real estate agent - You want to have a conversation to see if you potentially are eligible to claim real estate professional status which would allow you to treat your rental losses as active instead of passive.Also have a conversation if you are required to make estimated tax payments since there is no withholding on your commissions.Lastly, your profile mentions you are in Florida which does not have a state income tax which opens you up to more options for choosing an accountant.
21 May 2024 | 8 replies
From my understanding, properties purchased before 9/27/2017, and placed in service after 2020, are not eligible for bonus depreciation.
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21 May 2024 | 4 replies
You will need to be under another broker for 2 years full time before you would be eligible to get your own brokers license.
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21 May 2024 | 138 replies
For this reason, if you're eligible for the Solo 401k, it generally makes the most sense to go that route.
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22 May 2024 | 10 replies
I just received a letter stating that the only option they would offer me is a short-sale and that I was not eligible for a forbearance since I indicated I was interested in selling the home.