Jake F.
Seller Financing--Seller Wants Tax Returns
I'm looking to buy a multifamily property. Seller has agreed to owner finance but wants to know if they can see my last two years tax returns. Seems odd to me as opposed to asking for proof of funds for the down payme...
Virgil Nunnemaker
Lender requiring tenant tax returns - Advice?
Can a commercial lender require tenant tax returns as a condition of financing a commercial real estate deal if that tenant is not a party to the transaction beyond an existing lease agreement?
Saul Rappeport
ISO: Tax Accountant for 2023 returns
Greetings!In the past, I have handled my tax returns independently since they have been relatively straightforward for years. However, 2023 returns will be significantly more complicated since I sold a property and ro...
Codi Clausen
Tax Return Required for Kansas City?
I live in California and am going to be purchasing a rental property in Kansas City, MO. Do I need to file a tax return in MO as well? When I go to write off mortgage interest and depreciate my property, can I do that...
John Underwood
TN tax return for a STR?
I know TN has no state tax.Is there any requirement to file a TN return on a STR? I live in SC.Wyoming LLC owns a TN land trust that owns the cabin.My CPA asked me and said sometimes a state return is filed, but I jus...
Jim Vora
Return on investment on Tax lein
I did have a question about Tax leins:Does the home owner has to pay interest on just the taxable amount that they ownedd to the county or do they have to pay interest on entire amount the bidder bid on the property t...
Joe Capobianco
New home owner filing tax return
I bought my primary home in may and this is the first time I’m going to be filing my tax returns that’s more than just my income from my job. I usually go to H&R block but wanted to try to find a local accountant ...
Adem Tahiri
Depreciation on tax returns (rental property)
I sold a rental property this year and have to account for depreciation I took in prior years. Which form of my prior years tax returns would have the correct amount that I should account for recapturing now that the ...
Joe Scott
Tax return size --- an audit flag?
Is having a ton of rental properties & installment sales in a massive 1040 tax return - an IRS audit flag?? I have about 60 rentals and 25 installment sales. I'm continuing to add more over time. Most are cheapie ...
Daniel Rines
Filing rehab expenses for tax returns
I'm preparing to file my taxes as a land lord for the first time and looking for some help. I own a duplex and live on the second floor but plan to move out and rent this floor. Can rehab costs for the second floor ...