
8 September 2019 | 3 replies
Estimated Tax Payments: Lesser of 100% of the tax shown on the taxpayer's return for the preceding year or 90% of his tax for the current year. 2018 AGI was over $150,000 ($75,000 for marrieds filing separate returns) must pay the lesser of110% of the tax shown on the 2018 return 90% of their 2019 tax liabilityFour times a year, 25% of the “required annual payment” for the current year.

26 September 2023 | 0 replies
Purchase price: $228,000 Cash invested: $10,000 We closed on this duplex 1 week after getting married. it's on a cute commercial strip in the city with coffee shops, antique stores, and restaurants.

17 March 2023 | 4 replies
My CPA says it’s best for us to take the standard deduction despite our expenses from rental properties and repairs/Reno greatly exceed the married standard deduction.

31 July 2022 | 12 replies
There's a corny saying going around the lending community right now, "Date the rate, Marry the house".

16 January 2023 | 1 reply
Hypothetical question: A married couple, Jim and Maria.

22 January 2019 | 32 replies
I haven't seen any mention of husband and wife qualified joint venture where 1 schedule E and 2 schedule C's are filed, married filing jointly.

6 May 2018 | 27 replies
So your pro-rated percentage of the $500k exclusions (if married filing joint) will be 37.5% ([9x30]/720), or $187,500.

7 August 2017 | 7 replies
I grew up in Bucks County and moved into the city in 2015 after getting married.

22 November 2018 | 91 replies
If your taxable income is in excess of $157,501 if single and $315,000 if married filing joint, then I'd point you to a land conservation easement.

8 November 2017 | 9 replies
Key here being since it was your primary you're exempted 250k and 500k if married.... so you don't need to 1031!