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14 September 2020 | 6 replies
but if you are investing in say other peoples flips where you are not holding and would be considered a dealer otherwise and you grow tax differed you would have more to pay for sure but you did not pay tax at every transaction so your $'s grew faster and you pay taxes at the end of the game....but this is not a solid strategy?
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18 September 2020 | 2 replies
Jason, I recommend finding an accountant who specializes in real estate taxation over one that is local.
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14 September 2020 | 13 replies
This article (https://bankingjournal.aba.com...)about record credit card pay downs in the first 2 quarters of 2020 would also paint a picture of consumers having additional resources for the days ahead than they have been given credit for.
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6 April 2021 | 9 replies
Internal Revenue Service, or received an Economic Impact Payment (stimulus check) pursuant to Section 2201 of the CARES Act;I am unable to pay my full rent or make a full housing payment due to substantial loss of household income, loss of compensable hours of work or wages, lay-offs, or extraordinary [38] out-of-pocket medical expenses;I am using best efforts to make timely partial payments that are as close to the full payment as the individual's circumstances may permit, taking into account other nondiscretionary expenses;If evicted I would likely become homeless, need to move into a homeless shelter, or need to move into a new residence shared by other people who live in close quarters because I have no other available housing options.[39]I understand that I must still pay rent or make a housing payment, and comply with other obligations that I may have under my tenancy, lease agreement, or similar contract.
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17 September 2020 | 34 replies
Population is rapidly increasing, job growth is rapidly increasing, relative to other major population centers property values in Texas are competitive and lastly as the Baby Boom Generation is on the door step of retirement many northern Boomers are flocking to warmer weather climates and to states that have relatively low taxation.
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15 September 2020 | 20 replies
I am very surprised that there are people purchasing property before the US election, that could mean changes to taxation for instance.
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18 September 2020 | 5 replies
I would prioritize finding an accountant who specializes in real estate taxation over one that is local.There are 20+ accountants on this message board who specialize in real estate taxation.
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15 September 2020 | 64 replies
Did you factor in quarterly pest control?
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28 September 2020 | 2 replies
Taxation for long-term rentals can be different than taxation for flips.You live in NYC - do they understand NY/NYC taxation.
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16 September 2020 | 4 replies
I personally do every quarter ( 90 days ).