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Results (10,000+)
Jim T. Splitting a 1098 between two properties
13 January 2019 | 5 replies
This is to avoid being flagged by the IRS computer for mismatch.Keep good paper trail in case you have to defend this deduction, as @Ned Carey pointed out.
Brian H. Could negative cash flow actually be justifiable some times?
14 January 2019 | 12 replies
The extra PMT is going to principle and the irs does not care that you are paying it off early.
Nataly S. Anyone else filing as REPro and want to share info?
15 January 2019 | 3 replies
From my experience, the IRS generally isn't looking for time cards or anything else like that. 
Konstantin Klitenik Advice with sell vs rent in Cambridge, MA
14 January 2019 | 9 replies
Good question @Konstantin KlitenikTechnically in the eyes of the IRS it is "earned equity" -- There is an impact on your balance sheet, but not your income statement since you can't spend this equity.
Mark Slutsky Stay with current commercial real estate brokerage or leave?
31 August 2020 | 12 replies
You would be able to shed any vibe of job hopping, dig in deeper to the client base and get known by colleagues as well as customers to build up your own rep so if you did go solo it would be more effective.
Malcolm Shelby Wholesale Cold Call
12 April 2019 | 13 replies
If you want to get some great practice talking to sellers hop on to Zillow, find some FSBOs and call those people.
Robert Leonard Owner Occupancy - What Is, and What Isn't?
15 January 2019 | 8 replies
How the IRS defines a principal residence: “If a taxpayer alternates between two properties, using each as a residence for successive periods of time, the property that the taxpayer uses a majority of the time during the year ordinarily will be considered the taxpayer’s principal residence.”
John Pless Rent Section 1031 Exchanged Property to Self
16 January 2019 | 6 replies
These have special rules associated with them but are usually respected by the IRS
Mark Case Pennsylvania Foreclosure Auction and Lien Removal Questions...
15 January 2019 | 3 replies
For example, removing IRS liens require very specific steps that even experienced foreclosure attorneys mess up from time to time.
Gary Gristick 1031 exchange investment
18 February 2019 | 10 replies
Here are a few other salient points to consider: (1) Find an accommodator ASAP. (2) ID Period: you have 45 days upon close of escrow of your downleg property to identify your upleg property or properties by sending a letter to the IRS (handled by your accommodator).