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22 October 2024 | 16 replies
Start with house hacking, buying rentals, flipping, and consult an accountant for tax and deductions.Good luck!
22 October 2024 | 9 replies
Example, you have a business as a consultant, you make $10,000 in gross consulting income, 5k NET, which is subject to medicare and SS tax, this would qualify one for a Solo 401(k).
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23 October 2024 | 4 replies
This is complicated and needs to be consulted with a tax advisor.This post does not create a CPA-Client relationship.
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24 October 2024 | 18 replies
., payroll, invoicing for non-rental income), you might want to keep both.Ultimately, it depends on your specific needs:For property-specific accounting, Buildium is likely enough.For broader business finances, consider running both or consulting a CPA to see if Buildium covers all your requirements.
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25 October 2024 | 66 replies
They monitored him until he arrived at Brevard county where he was arrested.Now we just need more people who have been scammed to share and come forward so they can add more charges and maybe snag him again and this time no bond so he remains in jail until going through trial where I'm sure he'll be sentenced for a long time.
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30 October 2024 | 236 replies
They have not had time to search our consult with an agent.
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21 October 2024 | 3 replies
If anyone here has experience with STRs abroad or has consulted with international tax experts, I’d love to hear your insights!
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22 October 2024 | 8 replies
Benefit: Weigh the potential tax savings against the time and cost of making the change.Recommendation: Consult a tax professional to evaluate whether the potential benefits outweigh the efforts and costs involved.3.Partial Asset Disposition in TurboTax: Handling Roof Replacements•Understanding Partial Asset Disposition:•When you replace a structural component like a roof, you can write off the remaining undepreciated value of the old roof.
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21 October 2024 | 13 replies
I am looking to find a property in the area where I live as it is my first investment property and I want to be able to monitor as much of the process as possible.
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23 October 2024 | 5 replies
I was surprised when the agent consulted the seller despite my offer being lower than expected, given the property's condition.