Matt Wilcox
Any Other Deductions?
12 November 2015 | 9 replies
I keep hearing/reading about people that are not paying taxes on their rental income because they can offset it with deductions.
Rick L.
Cash Out Refinancing >6 months seasoning?
28 May 2020 | 21 replies
Also keep in mind I think they update the eligibility matrix every year.https://www.fanniemae.com/content/eligibility_information/eligibility-matrix.pdf
Noel George
Real Estate Student
18 November 2015 | 9 replies
I am currently taking the required courses to be eligible to take my real estate agent licensing examination.
Guillaume Derouet
LLC'S vs Millions dollar umbrella insurance policy for rentals?
10 December 2016 | 35 replies
LLC gives you tax advantages if you set it up correctly and have a great CPA ... then your umbrella policy is tax deductible to the LLC as a business expense, along with your mileage, bills, your triple whip soy latte and many other things.
Frank S.
Deduction
29 November 2015 | 3 replies
Dec 2015 - Jan 1015, can this be deducted rather than depreciated at 27.5 years?
Hiren Patani
1031 Exchange?
26 November 2015 | 5 replies
So the house you are living in right now will be eligible for this same tax free exemption on the first 250K/500K of profit in 2 years.
Jolene Adam
Losses and taxes
11 January 2016 | 7 replies
While these investors are on the right track, they habitually miss deductions that a CPA would have caught.
Michael Hammond
Solo 401K for LLC and S-Corp
30 November 2015 | 8 replies
Rental income in your LLC is considered to be 'passive' not 'earned' and therefore is not eligible for contributions to the retirement plan.Hope this helps.
Carey Lilly
Investor-friendly accountants in SE Connecticut?
28 November 2015 | 5 replies
Up til now, I have been a "by the numbers" sort of taxpayer, no deductions or fancy paperwork.
John K.
Paying Taxes within calendar year with closing
29 November 2015 | 2 replies
Example:HUD-1 Property Tax Credit: $3000Taxes during my ownership last 4.5 months: $2000Total Property Taxes Due: $5000 Since the city this unit is located in allows payments split into 4 periods throughout the year, can I pay the $2000 property tax expense in 2015, get the tax deduction, and then since the $3000 is a payable pay it spread out over the remaining payments to clear it out in 2016?