There is an entire article on CNN.com about this, but I have to be honest I didn't read it. I just saw the chart.
MCCAIN OBAMA
Income Avg. tax bill Avg. tax bill
Over $2.9M -$577,148 +$699,872
$603K and up -$109,...
Should you invest in multiple real estate markets? How can real estate investors lower their tax burden? And, how do you handle all the pressure and stress that comes with success? These are just a few of the question...
hi,
i bought a rental condo for 160k and its a down in price around 130k. its rented out and it covers my mortgage, taxes, fees and costs. I was looking to refinance to lower the month payment on my mortgage, but I t...
Hi BPers, it's almost year-end and I am researching tax filing/planning options for me and my partner. We are in Cali, both earn decent W2 and just started out investing in 2021. We have 1 primary residence, for which...
HelloFirst post on BP. I am interested in Note investing but I am a US citizen living in Canada. Will that be a hinderance in investing US notes. Also, is there anyone on here that does note investing in Canada (GT...
I'm learning everything I can about the Opportunity Zone program introduced in the Tax Cuts and Jobs Act and thought I would share what I've been learning, the links I'm using on a daily basis, forum posts that have b...
Before the new tax law, the interest on up to $1 million on a mortgage secured by a primary residence could be deducted on scheduled A. Likewise, the interest on HELOC up to $100k could be deducted in the same way. I...
Alright I have 2 rentals and currently live in the 3rd rental. I have 2 homes in a VA loan and am looking to sell my first home into a LLC that I establish to essentially do a cash out refi. As I write this I feel I m...
Morning all,We sold our house late last year in San Diego and ended up renting it out for the previous 6 months as initially our buyers didn't qualify. We spent almost $12k to get it rental ready (repairs, replacing ...
I'm probably out of luck here, but I'll ask anyway. On October 4, 2017, I sold $75,000 of stock ($11,500 capital gains) to invest in two local properties. When the Tax Cuts and Jobs Act identified Qualified Opportun...