Steven Gillmer
Out of state investor tax filing question
8 March 2018 | 11 replies
Disclaimer: I am a tax professional, but I'm not your tax professional and don't know all the details of your situation.
Ida Powers
Window installation advice needed on live in flip
6 March 2018 | 4 replies
Replaced windows in three houses, took quotes, hired contractors, have replaced a few by myself after watching the professionals.
Enyi Ajoku
New Tenants have unauthorized Pets
12 April 2020 | 21 replies
If it is not your intent to inforce your lease as written you should rewrite your lease.I consider this to be a professional approach to our business.
Mohamed Nagoor
Capital Gains question
13 March 2018 | 9 replies
Just consider the money you put in a contribution (rather than a loan), and the money you take out as a distribution (rather than a repayment).Of course, talk with your tax professional first to make sure there isn't an outside detail I am missing that might change this for your situation.
Dean I.
Offsetting Flipping Taxes with Passive Rental Income?
17 March 2018 | 13 replies
And being a "real estate professional" does come with tax benefits.
Jack B.
Will I owe capital gains tax on this sale?
16 April 2018 | 13 replies
@Ashish AcharyaIf you want to give me a quote for my tax situation; full time IT professional, 4 rental properties, one primary residence.
David Rubio
Referral fees from buyers/sellers in Florida
7 March 2018 | 10 replies
The juice usually isn't worth the squeeze in situations like this, and the added professional liability, administrative hassle, and paperwork might not be worth it.And remember - Your broker gets his or her usual cut (based on what your agreement with them says), so it may not be worth your time either.
Mano Chidambaram
Any options to hold CA RE agent license & not pay dues/fees
6 March 2018 | 2 replies
., but keep the license in some "reduced" status, so I can still possibly reap the benefits of the real estate professional status for real estate investing.
Brook Young
Post Divorce 1031 Exchange
2 April 2018 | 7 replies
You’ll definitely want to consult your attorney and qualified tax professional before taking action.