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23 October 2024 | 4 replies
If you have each been declaring 50% of the gain/loss from each property then you would each be the "tax payer" for 50% of each of the properties.
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23 October 2024 | 5 replies
There are companies that can do this for you.Having the property in your name will not stop you from taking a loss on your taxes, you don't need to move it to an LLC to accomplish that.
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23 October 2024 | 19 replies
You don't get to choose who claims the property based on who makes more money.Third, here comes the bad news: you cannot generate tax losses from renting rooms out of your own (or your daughter's) residence.
24 October 2024 | 18 replies
Good advice above- I'd just take the loss- who wants to deal with litigous tenants anyhow?
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21 October 2024 | 3 replies
., such as the ability to offset W-2 income with rental losses using accelerated depreciation, but I’m unsure if the same strategies apply when dealing with foreign properties.
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23 October 2024 | 15 replies
You will be showing a paper loss on your rentals so you want be paying any taxes off them.
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24 October 2024 | 33 replies
If you like extra annual inspections where you are forced to do unnecessary repairs/improvements then section 8 is great.If you don't mind having your carefully crafted landlord friendly lease rendered worthless from the HAP addendum then section 8 is fine.If you don't mind your rent payments being paid at the whim of the government then section 8 is great.
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23 October 2024 | 8 replies
I have one right now that loss mitigation last week said it looked like a good offer and so it was handed over to their negotiator.
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17 October 2024 | 1 reply
This holistic view can also help prevent gaps in coverage or unnecessary overlaps.Easier Claims ProcessWhen a loss occurs, dealing with one insurer can make the claims process faster and more straightforward.
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20 October 2024 | 3 replies
I have losses financially now as the rehab time is almost twice the timeline now that was given in the beginning.