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Results (10,000+)
Azita S. Do I Need to Issue MISC-1099s?
24 January 2016 | 15 replies
For a business if you do not do 1099s don't plan on using the tax deduction.
Joseph M. Are there any tax implications to pulling out equity?
10 January 2016 | 21 replies
As for writing off the cost (interest) of that money if you pull money out of House A to purchase House B, yes - that is an allowable deduction
Joseph M. Is a self-directed IRA worth it if you don't already have one?
9 January 2016 | 3 replies
You can definitely benefit from having a retirement account that you are in total control.If you don't have any retirement accounts to rollover - then you will be limited to contributions of only $5,500 per year, so in this case you can probably have a conventional account (not self-directed) so that you can build enough funds before you self-direct.However, being a real estate agent makes you self-employed and therefore eligible for a self-directed Solo 401k, which is much more powerful then SD IRA.
Jon W. Will i qualify for a 2nd VA home loan?
9 January 2016 | 2 replies
It depends on how much eligibility you have remaining on your VA benefit.
Cal Ewing Using RRSP's to lend on U.S. deals? Can you do it?
9 April 2016 | 10 replies
Only way is to register an RRSP eligible fund with the securities commission which in turn invests in US properties.  
Krystle Padilla Plano vs. Denton
3 September 2018 | 31 replies
The remaining interest can still be used as a tax deduction if you qualify (many people will just use the standard deduction).
Don Coumbs Blue Collar or White Collar Landlord, Advice or Discussion
13 January 2016 | 33 replies
That is good because I had just raised my deductibles on my insurance to $5,000 to save premiums.So that is the upside of being a blue collar landlord as I see it. 
Jason Morton Do taxes change when married
8 November 2015 | 6 replies
Married couples get a tax break, but I wouldn't get married for another deduction!
Lynn Maher HELOC denied and don't know what to do next
12 November 2015 | 15 replies
I wouldn't put too much value in the deductible interest of using a HELOC to pay the 50k in credit card debt.
Ed B. Best way to structure a sale with only $5k down from buyer?
15 November 2016 | 10 replies
I only foreclose if I've xferred the deed in a sale;  lease option avoids that necessity, at least in theory, but some buyers are reluctant  to buy under option for various reasons, some being they worry or don't trust they'll get the deed at the end,miss out on some tax deductions if they're not owner, etc.Having a cancellation clause in a lease for the option in case of default sounds good, but by making reference to another contract in one contract,could be perceived as tying them together, negating any perceived initial benefit of having separate contracts.