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23 January 2025 | 11 replies
@Daniel MadhavapallilYou should hire a tax professional.
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23 January 2025 | 2 replies
They lowered the “taxable value” by 40-50% and then raised the tax rate about 35-45% lowering everyone’s taxes that year.
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27 January 2025 | 8 replies
You’ll pay more for tax prep, more for record keeping, more for financing but what will you get?
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22 January 2025 | 4 replies
There are many tax accountants on Bigger Pockets that can help you with your situation.
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21 January 2025 | 6 replies
Hence the lot on which the house resided was taxed at a 45% discount based on actual value, while the tennis lot was taxed at about 4 times what it should have been by value.
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21 January 2025 | 14 replies
The tax paid from your lending proceeds should be the equivalent of your tax rate I would think.
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22 January 2025 | 2 replies
if it is unsecured loan that is the consequence, you lose they entire thing. as far as tax write off, sorry but none.
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18 February 2025 | 2 replies
If I do, I need to sell it by July 2026 in order to not have cap gains. We lived in two of the last five years up until July 2026.
I haven't been like I should watching the market like I should. I want to have more re...
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24 January 2025 | 6 replies
This isn’t/wasn’t a loophole - just tax policy.
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22 January 2025 | 5 replies
., mortgage interest, taxes, repairs, depreciation) on Schedule E starting when the property is placed in service.