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16 May 2024 | 25 replies
If I purchased and placed a property in service in 2023 and I have no need for the bonus depreciation on my 2023 taxes, can I claim bonus depreciation on the property for 2024 taxes?
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16 May 2024 | 17 replies
I have around $165k in savings, with an option to withdraw $16k from my 401k after taxes and fees.
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17 May 2024 | 2 replies
please suggest to avoid gain tax and avoid being labeled as dealer by IRS?
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17 May 2024 | 11 replies
All cashflow after that will go directly to your bank account.When you make contributions from SDIRA on the other hand, you don't get to enjoy the cashflow and all profits right away since all proceeds go directly back into the IRA account and you end up paying taxes when you are ready to cash out.My question is what method do most investors prefer to go with when investing in syndications ?
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16 May 2024 | 11 replies
Interest rates, insurance hikes, rise in real estate taxes, eviction delays, rising expenses and delinquency are just a few problems investors are encountering.
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16 May 2024 | 2 replies
They take 40% as a management fee and charge $30/cleaning.
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16 May 2024 | 13 replies
You said you checked the county website for the property tax records.
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18 May 2024 | 6 replies
And of course you will have appraisal costs closing costs inspection draw fee's etc.
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15 May 2024 | 6 replies
Hi Tax masters,I have a question about the county mortgage tax when purchasing a property.I'm quoting a mortgage from 3 lenders for a small multi-family in Bushwick/Ridgewood area (Brooklyn NY), and one of them estimated the county mortgage tax in their quote when the other 2 didn't.If anyone has some knowledges to share with this, I would appreciate it.
17 May 2024 | 3 replies
Do we have to show proof to the buyer that he has settled the capital gains tax and/or provide the IRS certificate?