Tera Jonnes
Tax Lien- Deceased Owner but Family wants Home Back
Hello, I recently paid the taxes on a home. The property was a tax lien. The owner of the home is deceased. I haven’t heard anything about anyone wanting to pay the taxes so I’ve started fixing up the property. Recent...
Michael Proskine
A late depreciation
I have been renting my property since 2012. I have never depreciated it on my taxes. How would I go about making up this depreciation?
Martingale Kim
Tax form for Corporation registered in Delaware
I registered a corporation in the state of Delaware this year and just filed DE's annual report and franchise taxwhich form I need to file for federal tax? is it 1120 only?I don't have any sale for the year 2021 so th...
Maggie W.
Forgot to enter $4k in HOA fee expenses last year. Should I amend or lay low?
For some reason, the $4k in HOA fees I write off every year are not on the 2021 return, as I'm reviewing them and doing 2022. It appears to signify $800 additional taxes out of my pocket for 2021. So which is a bigger...
Bryce Davis
Surviving Liens After Tax Sale
I was under the impression that if you buy a property at a tax sale the only liens that survive are the government liens. These would be IRS, Dept of Revenue, etc.. All mortgages, HOA, 2nd lien holders, would be wiped...
James Sun
Proper way to Correct Sch E Expenses from DST Sponser
My DST sponser made a mistake on the expense amount (off by a factor of 8!) on my Schedule E from 2017 and this year corrected it by adding the missing expense to the 2018 Schedule E. The amount is not trivial and ca...
Amber Linthakhan
the math doesn't add up, what am I missing?
We're in the process of learning everything we need to know before starting to invest but I feel i'm missing something here with the numbers game. I'm looking for lasting, generational wealth by building a portfolio. ...
Laith Ali
What is your tax rate when flipping houses
Hi Everyone, I'm about to obtain a house and flip it. I was wondering what you're tax rate is when you flip houses. From what I read, I could be paying 40-50% in taxes. Do you guys have any strategies you use to save ...
Sean Stu
What aren't the numbers telling me?
I'm spent a considerable amount of time here and at other sites/books researching and learn about REI. (I have a single townhome rental, that I got 10 yrs ago while in school, LONG before I knew any of what I know). I...
Nick C.
Amend Return or Utilize Carry Forward
Hope I can explain this well enough. Background....I invested in two DST's in Jan of 2022. When I received my 2023 taxes back from my tax preparer, I noticed that they included income from the DST's but did not incl...