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6 March 2024 | 7 replies
Rollover from your old employer 401k into self-directed Solo 401k is not a taxable event and wont' affect your taxes.
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6 March 2024 | 4 replies
Sales price: $900,000Seller finance: $400,000 / 2 year ballon / 7% interest rate / interest only monthly payment: $2,333 / no pre-payment feeEstimated monthly income: $9,300 / Annual: $111,600Electric separated - water $450 per monthProperty taxes: $16,700 (with property value assessed)Property Insurance: $6,300Renovation Repairs $150,000I anticipate the Re-fi appraisal to come in at a conservative $1,150,000.
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4 March 2024 | 4 replies
So I'm wondering if I maybe messed up when it comes to accounting and taxes while rehabbing a house to rent.
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4 March 2024 | 8 replies
I'm asking for recommendations for a tax professional in/Near South Atlanta experienced with investors.
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5 March 2024 | 11 replies
What tax benefits might you receive that could potentially offset some of your tax burden with such high income?
6 March 2024 | 8 replies
When she passes the asset that was purchased as part of the 1031 would then be liquidated and distributed to heirs with no taxes The goal is to get her the cash she needs from her asset without paying any/minimal capital gains.
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6 March 2024 | 6 replies
It is important to remember that if you buy a single family home that you will live in for a while, consider living in it for 2 years before you sell because the IRS will allow you to exclude up to $250,000 of capital gain on your property from being taxed ($500,000 for married couples).
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7 March 2024 | 29 replies
The only thing is my property taxes go up with no limit with the increase in property values, 17% the last assessment.
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4 March 2024 | 34 replies
My lawyer needs advice from someone more versed in the tax law.