Max James
Sanity Check Help - and Feedback On My 1st Deal
Hi!I'm looking for someone to run these numbers through their Excel tool (or whatever you may use for evaluating a property) to see if they line up with the numbers I am calculating. Please let me know what questions...
David Hayman
Can depreciation be written off against your paycheck
can depreciation from a rental property be used against paycheck income?
Nolan Ausan Sr
Land Contract of 147 SF and 21 MF Lots
Investment Info:
Other other investment in Omaha.
Purchase price: $3,480,000
Cash invested: $30,000
Sale price: $4,380,000
Assignment of 147 SF and 21 MF Lots from one developer to a large produc...
Kel S
Here is the tax letter!
Sorry for the delay. It took me a bit to retype this. Some of the price fields are blank and also where I put "house we purchased", that actually originally read the address or you could put the street name house. Exa...
Ryan Keenan
Claiming improvements on your taxes
hello BP, question about doing my taxes this year.. I bought a duplex and took out a 20,000 loan to fix it up.. I would like to buy another property this year and need every penny of income to help show the bank to qu...
Ryan N.
Taxes to sell rental property
Looking to see how much in taxes I would pay to sell house.Paid=$123kSelling=$180kOwe=$89kLocated in NCOwned house 16 years but have not lived in home in over 6 years.Got ruff estimate on how much in taxes I will have...
Gray Bryan
Selling your home tax free when you are single.
I am single and own a house free and clear and it's worth about $500k. Under current laws I can only exempt $250k from capital gains. I could get married and file jointly and the exemption would be $500k which is enou...
Namal Burman
Real estate gain + W2
We have 2 W2s( Me+ Spouse).Have a primary residence SFH and 2 rentals.I have around $40K of rental income after all the deductions/depreciation.This time I used a CPA and I am a sure he tried his best to get all deduc...
Sasha Josephs
New Inheritance Property Tax Law in California
Hello! I am considering co-purchasing a home with my mother and want to know if the current inheritance property tax law that was voted in this year in California (saying if you inherit property, you inherit the prope...
Levi Koskan
LLC for tax purposes, W2 employee with RE, how to maximize
Would love some thoughts and help with my situation,
My wife and I make decent W2 income as our main source of money but we have two properties. 1 that is a rental, I have a property management company handling it,...