Mark Betche
Depreciating Investment property
I just read in a book that you can depreciate your investment property. Does anyone know the formula for doing this?
Chad R.
How to restructure and save ?
My wife and I currently have 3 properties between us. Our primary residence and her original home are in NH. We have been renting her place to long term tenants for the last 7 years, she has owned it for 18 years. Our...
Michael Dunn
What Percent Tax Bracket if Self-Employed / file a 1099 ??
Since we're here again for another Tax Season, I'm just curious , as to know 100% what Tax Bracket someone falls in as a whole ( State, City and Federal ) ....all Combined Is it 15% of your Income you should hold o...
Alex Bernth
Taxes on cash flow
Hello everyone, I hope y’all are doing well. So since rental cash flow/income is taxed by the IRS, would I be able to use my renovations cost as a tax deduction? Therefore it’s seen as a loss similar to if a property ...
Nikki Kofkin
Quarterly Estimated Witholding on Flips?
Hey everyone, so I sold two properties so far this year, one more in a couple of weeks, and one more hopefully before the end of the year. All in Chicago. One was a long term buy and hold and three are flips. Long ter...
Collin Lee Johnson
Allocating additional funds so as to appear below income limits
Alright guys so here's a hypothetical (and it is an actual hypothetical right now as I haven't gotten a raise yet); let's say that someone is currently making below the income limits for a housing program and will be ...
Ryan D.
Best Strategy for Owner-Agent to Sell Home
Hello! I was hoping to get some thoughts on the best way for an owner-agent to sell their live in flip. All the advice I read when searching for answers leaned towards using an agent to sell your home instead of For S...
J.P. Ventura
Should I Elect to be an Independent Contractor or an Employee?
I have the option of being hired as an employee or independent contractor. I am wondering if any local accountants or CPAs in the DC / DMV area have any advice as to which I should choose. I am going to a direct lendi...
Daniel Flores
Accidental landlord Tax question
New job is going to take me away, having me moving from my primary residence and hoping to rent the house out. I am wondering how this is going to affect my tax liability on what was my primary residence. Don't want a...
Sam Spoerl
First time multi unit investment
Hi,My name is Sam and I am a new user of the forms and inviting. So I am looking for any advice that I can get. I’m looking to buy my first multi family property. I’m really trying to find any information on what expe...