Trevor Aydelott
Fix and Flip in Ohio and ways to avoid the withholding tax
Okay so I'm familiar with the withholding tax here in California. If your'e a individual doing a fix and flip you would have to withhold 12.3% of the net proceeds you make from the flip. Now you don't have to do that ...
Peter Sik
FTB tax for Murrieta CA 92563
I (foreigner) and my wife own a rental property in area 92563. I see my PM charged me $150 monthly for FTB expense, it is for California Franchise Tax Board. Is it necessary for my PM to collect the tax in advance? An...
Kareem Wyatt
What the Seller’s cost basis numbers?
Question...Were are getting ready to closing....And I attorney needs a copy of the Seller’s Trust Agreement and the Seller’s cost basis numbers to complete the Closing Statement and the Gain Affidavit.What are the Sel...
Nolan C.
Are International Investors Eligible for 1031 Exchange?
Are International (non-citizen) Investors Eligible for 1031 Exchange?
A quick google search will tell you "yes, but its complicated." Does anyone know the intricacies/have experience with this?
Thanks.
Gitit Hefetz
Can I pay booth Franchise Tax Board withholding and income tax?
Hello,Hoping someone here can enlighten me. I have bought a house for myself with the intention of making it my primary resident. Unfortunately I had to sell writhing 2 years and the property didn't end up to be my pr...
Kathryn S.
When tenant does not respond
We sent a difficult tenant an update on ceiling leak repair. We are now ready to schedule a repaint job. Because he has been non-cooperative, we asked that he gave us a few days and time to schedule this job. He has n...
Michael Salamone
What can a tenant hold rent for?
Hey all, So recently I had a sewer line back up causing a mess in the tenants side. Long story short, they decided to withhold their rent until they felt this situation was remedied (long story short this issue has be...
Amanda G.
Quarterly Taxes- when did you start?
I'm cheap (ahem, frugal) and I've been doing my own annual taxes. At what point do you need to start paying quarterly? I have a W-2 job, and happily the rental portfolio is growing.
Shahriar K.
Canadian trying to get refund from IRS on a flip
I started a discussion about the flip I did in Spokane WA, and I created a topic on that. I thought I would start a new topic on my challenges to get a refund back from IRS.The short story is I bought a property in No...
Joe Abughazaleh
FIRPTA-BUYER
I've been searching the forums without any luck. I'm interested in buying a condo in Las Vegas where the seller is subject to Firpta withholding. I've read the tax code on the IRS website and also found this:Q: Who i...