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4 October 2020 | 7 replies
From a simplistic calculation the remaining taxable income = Purchase Price - Sale Price - $500K from 121.
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15 September 2020 | 4 replies
you are not likely to be able to engage anyone to evict the occupant for quite some time if the occupant has a wifi signal and can read, as the litmus test to be eligible for federal eviction protection enacted by the CDC is very low.That said, when you can evict, just goodle "Eviction" and "Attorney" in your area and you'll find lots of players.
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14 September 2020 | 2 replies
(In addition, many states have eviction moratoriums in place right now, in addition to the recent federal order from the CDC limiting evictions for non payment).
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17 September 2020 | 9 replies
@Zach McKee First thing I would do would find out where the nearest federal pen is located.
15 September 2020 | 1 reply
But now I'm considering a more permanent reduction to reduce the financial hardship now since another federal stimulus act has not passed.
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19 January 2021 | 3 replies
The Federal Reserve has done everything they can from a quantitative easing perspective.
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16 September 2020 | 2 replies
So maybe your loan on the rentals, would help them to meet those federal requirements.
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15 September 2020 | 2 replies
Federal and state laws already does that for IRA's.
16 September 2020 | 13 replies
Example. taking 300k of gains and rolling into a syndication, could equate to 100k in losses to offset taxable gains.Again, consult a CPA, however could be a method to offset gains in a specific year.
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20 September 2020 | 8 replies
@Scott SchultzThank you for the advice, its definitely a combination of things for my taxable income my properties have good cash flow, the 4unit is about a thousand a month after expenses, I also house hack (small multis not by room) when I purchase so even though I am buying smart new properties do not realize much cashflow until I move out and rent the unit that I was living in.