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9 October 2024 | 5 replies
The only items affecting capital gains are basis and expenses of sale.
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8 October 2024 | 1 reply
Furthermore, during the rental period, expenses like repairs and insurance were deductible, but these deductions end when the property becomes a primary residence, with only mortgage interest and property taxes potentially deductible as itemized deductions.In short, converting a rental property into a personal residence can provide some tax advantages, but you’ll need to account for taxes on both the depreciation and the portion of the gain from the rental period when you eventually sell the home.
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7 October 2024 | 3 replies
The ILA is North America’s largest longshoremen’s union, with roughly 50,000 of its 85,000 members making good on the threat to strike at 14 major ports subject to a just-expired master contract with the United States Maritime Alliance, or USMX, and picketing workers beginning to appear at ports.I have been reading that if the strike drags on, we can expect some shortages on perishable items that the US imports.One of those is bananas; the US imports 100% of its supply.
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9 October 2024 | 10 replies
Pay off existing mortgage: The new loan pays off your original mortgage, including closing costs and any prepaid items.2.
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9 October 2024 | 9 replies
The best comparison for 77008 would be 77007(Rice Military) or 77006(Montrose).
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12 October 2024 | 54 replies
(The Military Networking Session) 😅 But also very much Codie's keynote
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7 October 2024 | 2 replies
I'd much rather read concrete stats and newsworthy items, but instead met with what seems like a covert shill.
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9 October 2024 | 9 replies
Assuming you are in the 22% - 24% federal tax bracket for most of your income, your tax would be about $76,000(disregarding standard/itemized deducitons and other income).If you can somehow show rental losses = $300,000, you would get a refund of her federal taxes and potentially state taxes also.
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7 October 2024 | 9 replies
@Rajiv: Have you seen a sheet that is good to maintain your month by month property management items
15 October 2024 | 69 replies
As a group we could come up with a detailed list of 30-50 items that are the basics a company needs to have before they ever speak with a potential investor.