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Results (9,603+)
Account Closed What activities actually matter for real estate professional status? (REPS)
4 May 2024 | 3 replies
Unsuccessful Property Search: Hours spent on unsuccessful property searches, where no purchase is made, do not qualify.On-Call Periods: Instances where you are on-call but do not actively perform work do not count towards material participation.Meeting Requirements:Maintain Detailed Records: Keep accurate time logs and records documenting your involvement in material participation activities, supported by evidence such as emails and calendar appointments.Seek Professional Guidance: Collaborate with a qualified tax professional to ensure compliance with IRS regulations and to optimize your material participation strategy.I hope this high-level overview gives you insight into what activities matter and ones that do not.
Robert M. Parents loaned me down payment for duplex, I sold it, now who pays capital gains?
3 May 2024 | 33 replies
If your parents didn't have any ownership rights on the property, which sounds like it's the case, then they'd theoretically be entitled to the full loan amount + market interest depending on how you guys drew everything up/what evidence there is.
Michael Snider-Held Finger lakes region small town STR tax. Need help preparing for assessment appeal
22 May 2024 | 13 replies
., they have re-zoned my property as residential/commercial use which evidently was their solution for people not getting the permits but puts me into an entirely different tax structure. 
Ben Lee Seeking real estate deed transfer guidance
14 May 2024 | 1 reply
So we would like to know if it’s possible to remove aunt A without getting tax reassessed.I also called the tax assessor office and he mentioned we could provide evidence after filing quitclaim deed for aunt A where she will need to provide her tax return and written comment that she was only a co-signer and sign an affidavit, stating she has no interest in the property.
Sohail Bas How are you guys effectively challenging commercial property tax hikes?
30 April 2024 | 9 replies
If you find discrepancies, provide evidence to support corrections.Document Improvements and Depreciation: Highlight any improvements you've made to the property since the last assessment.
John McCarthy Evication Notice Duration for Georgia
29 July 2024 | 5 replies
Perhaps they like to see a written 7-day notice (and perhaps with some type of evidence of “service” on the tenant) not work before you take the matter to court; tho, the following document also does not seem to care about the time or the manner of the initial demand (Notice): https://s3.amazonaws.com/cobbcounty.org.if-us-east-1/s3fs-public/2024-03/Proceeding-Against-Tenant-Holding-Over-Eviction-Form.pdf.
Aden Brust Beginner agent strategies
6 September 2024 | 8 replies
To maximize the number of transactions you’re involved in you will need to:Be Top of Mind when they think about moving - which requires consistent reminders.Be seen as an Expert – which requires a consistent message and Evidence of Success storiesGain their Trust – which requires communicating integritySo, start out by listing everyone you know in an Excel spreadsheet.
Victoria C. Tenant is subletting on AirBnb, what should I do?
18 October 2023 | 68 replies
The landlord will do anything to kick you out, that is what I would do, and you subletting and printing out documentary evidence as simple as him/her going to airbnb and printing out your ad will be a very simple case.
Don Spafford Has anyone ever used the Velocity Banking Strategy?
13 January 2024 | 356 replies
I suppose that should be self evident because promoters promote.
Ryan Dossey And The Winner Of The Free BP Duplex is…..
30 June 2016 | 91 replies
The "cause" was fixed just not the evidence in a few places.