Joseph Whitney
I owe back taxes and need to take next step
25 February 2020 | 2 replies
February 1st I was let go from my job and my advisor told me it might be a good idea to file bankruptcy for my past taxes.
Aaron Romine
House-Hacking for my first rental property....Help!
23 March 2020 | 20 replies
Things like getting a filing cabinet to keep all our paperwork organized is heaven for me.
Greg Cannon
Mortgage written off?
28 February 2020 | 6 replies
Pull the BK docket (PACER) and determine if there was a motion to strip the lien filed and granted.
Sung Park
Newbie with 1031 questions
2 March 2020 | 17 replies
And each of you would need to file your own form 8824 for each tax return.
Jimmy Wen
Closing Costs & Rental Property Taxes!
26 February 2020 | 0 replies
Hi all,I have a few questions when filing taxes for my first rental property.
Del Carreira
Rookie landlord needs advice
28 February 2020 | 9 replies
The tenants that live there can file an eviction for the daughter if needed, but you are not really obligated to solve family drama.
Roberta Marcos Marcos
Taxes - Not a RE Professional
26 February 2020 | 6 replies
Also, at what point can a real estate investor file their taxes as a real estate professional?
Stephanie Sicard
Help me analyze this deal (Used BP Calculator)
26 February 2020 | 1 reply
There is a capex spreadsheet in the files section by @ sam tato that list most capex items.
Marc Winter
Max of Two Humans Per Bedroom is Discriminatory?!
1 March 2020 | 15 replies
“Today’s agreement reaffirms HUD’s commitment to ensuring that housing providers meet their obligation to treat all applicants the same.”The case came to HUD’s attention when Inland Fair Housing and Mediation Board (IFHMB), a HUD Fair Housing Initiatives Program agency, filed a complaint based on results from their fair housing tests.
Gary Parilis
short-term loan from 401k for rehab
28 February 2020 | 3 replies
The repayment terms for a 401k participant loan are equal monthly/quarterly payments of principal and interest (typically prime plus 1%) over a 5 year term (longer if used to acquire your principal residence).Please note that if you take a full $50,000 and then pay back the loan, you can't take another $50,000 until 12 months after the first loan was fully paid back.Per the loan offset rules that went into effect with the 2018 Tax and Job Act: if you leave your job and the loan is current at the time you leave your job but then the loan goes into default because you left your job, you will have until your tax return deadline (including any timely filed extension) to make the loan current by depositing the outstanding balance into an IRA (and thereby avoid the taxes and penalties that would otherwise apply).Please keep in mind the multiple loan rules:Under those rules, the sum of the balances of a participant's outstanding 401k loans under a single 401k plan (using the highest outstanding balance of each loan over the last 12 months) can't exceed 50% or $50,000 whichever is less.