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6 February 2024 | 63 replies
You have to just go with what they give you. they charged me right away the $97 (plus tax) then I was like umm wtf?
4 February 2024 | 0 replies
Between risk, tenant hassles, vacancies, mortgage payments, property taxes, insurance payments, replacing a roof, water heater and so, it takes a lot of appreciation to actually get ahead on that.
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4 February 2024 | 8 replies
Maybe tax or perhaps hoa lien??
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4 February 2024 | 4 replies
The first and probably least popular for the servers I know is it is a cash business and historically tips are underreported to save on taxes but that also makes qualifying for loans tricky so you need to make sure you are claiming tips.
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4 February 2024 | 5 replies
Noticed it was abandoned, researched courthouse records, determined it was adjudicated to the Parish for non-payment of taxes, submitted purchase request to the Police Jury for amount of back taxes, made required notifications by mail and newspaper, waiting mandatory days for owner to redeem, and when redemption period expired, closing occurred at Police Jury Office.
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5 February 2024 | 8 replies
; or-- you wait until that income from your midterm rentals show up on your tax returns as simply "rental income" for at least a year.
3 February 2024 | 4 replies
This way, I can take bookings for greater than 30 days and still qualify for the tax incentive.For reference: https://wcginc.com/blog/short-term-rental-tax-loophole/#:~:t....https://www.irs.gov/instructions/i8582Thank you 🙏
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4 February 2024 | 6 replies
If you made a profit ask them to release a portion to you to cover your income taxes.
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2 February 2024 | 16 replies
If you do 1031 exchange multiple times, do you pay taxes on the profit of only the last sold property or do you have to pay taxes on the total potential profits of all properties.
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4 February 2024 | 6 replies
While Schedule E is indeed where you report losses on rental real estate, your tax situation is at the level where a professional doing it would greatly benefit you.