I am trying to understand how much depreciation I will have to pay back to the IRS if I sell my single family rental home that has been a rental for 5 years. Is it the full cash amount I depreciated or the amount of d...
High w2 earner and was wondering what would be savings i make on tax regarding rental income after all tax write off?for example I’d need to make 18 at work to equal 9k rental income.
So I calculated that with real...
I received approval for federal and state (NY) Historic Tax Credits. It was a long road, but worth it! Which forms do I need to file my taxes?
I apologize if this has been answered before. I did a brief search and didn't find anything that answered my question. I'm wondering how private lenders get taxed on their earned interest as they loan money to RE inve...
Concerned that a county tax Lien I am attempting to purchase may be encumbered by a Federal/IRS lien. Is there a database in which I can search for federal liens on my property? thks.
Can you file a deed in lieu of foreclosure on a abandoned house? The owner is deceased,but the daughter is the heir to the house she just doesn't want any part of the house.The house has equity of 500 grand,300 grand ...
I'm a realtor who has invested in flips and fixer uppers for decent profit in the past. Recently, I've been considering tax lien investing. Here's the scenario:I'm looking at a house that is a short-sale in my county,...
I'm looking for an accountant in Hawaii, does anyone know of a good one?
Hello, I have three employees including myself paying a total of $90k net yearly for all 3 of us. I'm paying approx $1,400 every 2 weeks for payroll tax and I feel like this is way too high. Could someone please let...
Hi, I have a question regarding my 16-year-old has W2 earnings of around $14k, so he will pay $160 for federal tax after standard deduction. But using turbo tax his state tax turns out to be $588, does that sound rig...