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22 February 2024 | 9 replies
Second lowest property taxes in the nation behind Hawaii.Montgomery county tax estimate formula is: appraised value x 20% (without homestead) x .0365
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23 February 2024 | 4 replies
Selling = taxes.
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21 February 2024 | 4 replies
The landlord said that its not zoned for business and that would raise flags with the IRS and i could potentially get audited. keep in mind that i have a consulting business. is there some truth to this because i do have a home office at the house as well. the rent is 1600 per month. that 1600 per month and utilities wouldn't be a tax write off to my LLC?
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23 February 2024 | 13 replies
Do they have a tax return coming that they could use to catch up?
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21 February 2024 | 6 replies
For example, for property taxes, you can search Google for what the state taxes are on a primary/secondary property.
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21 February 2024 | 11 replies
Hi thereI am new to investing, looking at a SFH for my 1st rental property and trying to understand the tax benefits that are often spoken of on the podcasts.
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21 February 2024 | 2 replies
For other variables such as tax rates and heating costs, I find it easier to get a good evaluation.
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23 February 2024 | 18 replies
I get the tax benefits on top of that (this is a big one for me), some small principal paydown, small monthly cashflow etc.
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20 February 2024 | 1 reply
Supreme Court's Wayfair decision, Pennsylvania may require collection and remittance of taxes from businesses that have a substantial economic nexus in Pennsylvania"But from this site, it looks LLC needs to file Penn state tax no matter its size:https://www.revenue.pa.gov/TaxTypes/Partnerships-S-Corps-LLCs/Pages/default.aspx#:~:text=Limited%20Liability%20Companies,pay%20corporate%20net%20income%20tax."
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22 February 2024 | 21 replies
Most Jumbo lenders use IRS returns net number so be careful filing your 2023 tax return in not making the expenses total greater than 25% of income which will generally be the hit on gross rents.