Jesse Soriano
Do you pay taxes on net profit from a flip or the total price
When doing a flip 100% all cash. Do you pay taxes on the price you sell the house for. Or just in the money that you made profit on?Let say you bought a house for 30kSpent 20k on rehab And sold for 70kDo you get taxed...
Brannon Hamby
Sold a property, 1031 or pay the tax and shop more given mkt soft
Just sold an out of state property and shopping now to move those funds ($210K) locally (coastal South East market). I had planned to do 1031 but looking at average to below average deals. With the market trending...
Wilbur Wanfrow
Rental propis in an LLC. Do I pay sales tax for pest control (FL)
For a rental property that is an LLC, do I pay sales tax for pest control treatment in Florida?
Michelle Romano
Loan company forcing you to pay for taxes on a P & I loan.
Hello - not sure if this is the right forum but will ask anyway. I have a principal & interest loan on one of my investment homes. I pay the tax and insurance which is clearly stated in the note. In the 9 years ...
Kebron Girma
How to pay less on Capital Gains Tax if over the age of 62.
Lets say I bought a bought my rental property 10+ years ago for $300K and it's now worth $1Mil plus. I have a mortgage of $400k+ and want to sell it for what's it's worth now. How can I save on capital gains taxes and...
Shady Forbes
Do I have to pay the taxes every year once I win the bid
I recently won the bid for the tax certificate but I heard I get the property after three years if the redemption period is over. Every year I get tax bill and they said that I should it if not then another tax lien c...
Huiping S.
Can we pay off tax of one self-directed IRA purchased property multiple year?
Can experienced people share some experience for the tax of self-directed IRA properties?1) If not sale the property, how to pay off the self-directed IRA purchased SFR tax? 2) To pay off the tax once, it is too much....
Corinna Woodcock
Guidelines for what to expect to pay a CPA for first year LLC taxes
Hello!We were just hit with, what I feel is, an exorbitant tax prep bill of $1850. It's a new LLC with just one NNN rental income source. This cost equals 5.5% of our gross income for the year (nearly 2/3rds of one m...
Evan L.
Is it better to pay taxes in full or use the IRS payment plan?
Since I sold a property last year, I have a lot of capital gains tax to pay. There's an option to pay in installments within 6 a month period, but with fees and interest. It doesn't say how much the fees and interest ...
Willie Holdman
What are the rules in paying no capitol gains tax for income below 41,675?
In 2022 I sold my home I lived in for over 2 years. I used half the home for business. I took the 250,000 deduction, and used the remaining profits on the home to do a 1031 exchange. I overlooked that I still owed a m...