Erik Romo
Land Contract Question
Hello All,
I have a question on how to add the an Amortization to the contract.
I have done a few Land contracts but the sellers just added the interest in the total price, but I want to know how to add it in the p...
Jared Burns
Help Me Calculate Amortization Schedule With Principal Only PMT
Can anyone teach me how to calculate an amortization schedule that includes 1 year of principal-only payments using a 10bii financial calculator? I can calculate the amortization schedule of a loan with traditional pr...
Nathan Piercy
Filing taxes, single member llc, personally owned rental
Hi all, Here is my situation:1) Married, filing jointly, living in Texas2) We, married couple, owns the rental property in our personal name (also in Texas)3) We route all rent income and other craft related income re...
Tony C.
Filing a 1065 Partnership return Husband/Wife vs Schedule E
We (husband and wife filing jointly) are looking for a CPA. While interviewing CPAs to file our 2012 taxes we are trying to determine if we should file a partnership return or listed all of our properties on our ...
Don Darnell
Adding Capitalize Carrying Costs text to 1040X cost $2000…
Hi, I own an unimproved lot and capitalize HOA fees and property taxes every year to increase the property basis by amending my taxes and adding something like the following “magic” text as required by the IRS:
“For ...
Susan K.
Contractor with VA Construction Loan Questions
GC engaged in a VA construction loan process, does anyone have experience with this? Good or bad.
Shan Vincent
Accounting Question- Investor with Real Estate License
I’m a realtor that manages the 6 units that we own as rentals. I’ve been doing this for 7 years. Our accountant has never said until now that I need to have real estate commissions to make our write offs more legit if...
Ryan G.
Landlord ? for CA Rental with util included
I have a SFR with 2 units. There is only 1 meter for utilities at this property so utilities are included in the monthly rent. I have verbiage in the signed lease as follows:
Utilities – Reasonable utilities are in...
Elizabeth Woolf
Depreciation and 1031
Someone gave me some advice that sounded too good to be true so I want to verify. If I own a home for 27.5 years and have taken the depreciation expense every year, then I sell the house (for easy numbers let's just s...
George Frye
Note Evaluation
I am researching a note I came across. AT first it seems like a pretty standard note. It is a Mobile home with the lot for sale for 45000. The Owner received $20,000 down and carried a note for $25000. The interest...