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10 February 2024 | 16 replies
Property taxes can be found online and insurance is quoted over the phone.
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7 February 2024 | 5 replies
I don't have a CPA and have been doing my own taxes, but after purchasing the last two properties I need an experienced CPA to help me get all the tax benefits that I can.
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9 February 2024 | 10 replies
Don't forget property taxes can be nearly 2X more for an investment property.
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7 February 2024 | 12 replies
Looking for accountant referrals in the Cleveland/Akron/NE Ohio area with strong familiarity in investment property related tax matters.I'm planning to purchase my first investment property shortly, but I need an accountant to do tax preparation for my current retail business this year (Form 1065) and personal returns.
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10 February 2024 | 27 replies
Otherwise, look at the investment from a perspective of the basic annual cashflow and then determine if you would be able to gain any significant benefit from the depreciation or other tax benefits of the investment (speak to your CPA on that matter).
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10 February 2024 | 12 replies
There are also tax considerations, such as depreciation and IRS Section 121 Exclusion.
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9 February 2024 | 13 replies
I'd rather just take my lumps and pay the tax as I don't think tax rates are going down anytime soon so my capital gains tax on my profits are about as good as I'm ever going to be expected to pay.
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10 February 2024 | 39 replies
There is also appreciation (gentrification area for this one), debt pay-down, and tax benefits of owning it outside of the cash-flow.
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10 February 2024 | 16 replies
Most often I'd hear people say:1) High taxes - but this can easily be reduced/eliminated by proper accounting and management.
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10 February 2024 | 28 replies
Third, they pushed him to buy device from a tax person asking for $600!!!!