Doug Kirk
Liens on a property and determining position
3 January 2025 | 8 replies
If you’re serious about bidding, investing in a professional title search is worth it to minimize risk.
Mohamad Guene
Mobile home investment.
8 January 2025 | 3 replies
., mobile homes often lose value over time unless they are situated on owned land) and tenant turnover.However, tax advantages include depreciation deductions, which allow you to offset rental income by writing off the property's value over time, and cost segregation, which accelerates certain deductions.
Sebastian Nadal
Looking to House Hack in Chicago for the first time
8 January 2025 | 6 replies
Note - if you live in your property for 2 years out of the last 5, then you don’t pay taxes on the profit.
Heather Bailey
Insuring your House Hack
13 January 2025 | 6 replies
From tax stand point I would think you can separate from primary and be okay with IRS being that IRS will not be local code enforcement.
Gene Kim
Looking for flip opportunities in NJ
7 January 2025 | 3 replies
I have a tax firm that specializes in working with real estate professionals/investors.
Jesse Rodriguez
Miami Short Term Rental
7 January 2025 | 0 replies
Also Seller hasn’t paid property taxes in 2 years which is a sign the property is in distress.
Jennifer Allen
Triple Net Lease - When to pay property taxes
27 December 2024 | 2 replies
After collecting tenant pass-throughs for the year, do you pay the property taxes at the end of the year or the beginning of the next year?
Timothy Parish
Solo 401k IRA
2 January 2025 | 2 replies
Selling the property within your Solo 401(k) and returning the proceeds to the account simplifies compliance and ensures tax-deferred growth (or tax-free in a Roth Solo 401(k.)).
Seidy Lasker
Wash Sale Rules for Options
2 January 2025 | 1 reply
Day traders are not exempt unless they elect mark-to-market (MTM) accounting, which eliminates wash sale tracking but taxes gains as ordinary income.To manage taxes, track trades closely, avoid overlapping purchases, or consider MTM election if trading actively.
Megan Herrington
CPA Recommendation in ID
2 January 2025 | 6 replies
Last tax guy messed up a lot and I caught a lot of his mistakes.