BP,I am trying to wrap my head around the Federal Moratorium. Is the federal government going to pay us (landlords/rental property owners) back for all rent not paid during COVID due to the institution of a federal ...
Hello everyone I have a question regarding taxes I am deciding whether or not to take a job in South Korea. I was wondering if I did take the job could I exempt myself from paying state taxes or federal taxes. The imp...
Does anyone know if there is step-up basis for inherited properties or is that just for owner occupied homes when the total estate is less than 5 million for paying federal income taxes?
thank you
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I currently own a property that I have rehabbed. I would like to cash out and rent this property. Is that legal? Thanks BP folks
I just watched a interesting documentary last night called "Were not broke". And I gotta say, I'm impressed of these huge corporations such as Google, Apple, Verizon, etc. were able to avoid paying federal income tax....
I have a home I've been in for 5 years. I want to rent it out to my LLC, stay in the home, pay the rent and write off the expenses. Can this be done?
So I have kids with an ex which whom I pay a substantial amount of money to live comfortably because I make almost twice what she does. We have 50/50 custody and I am searching for ways I can invest in Real estate. M...
From my understanding, long-term rental income is not considered "earned income" but what about the income from a STR or MTR if I self-manage the rental?
Hello all. I am new to flipping and I am nearing the completion of remodeling my first property. After this property my hope is to do 2 or 3 property remodel and flips within a single year. I'm an engineer by train...
I always believed that the rule was that if I owned and lived in a property as my primary residence for 2 of the past 5 years that when I sell it I would not need to worry about paying federal taxes on the gains if it...