Ryan Deasy
Rental Property Draws
Hi everyone, For those of you that take draws or distributions from your rental property's income, how do you normally calculate it? Do you process it as, say, 10% of gross rents for the month or quarter?Or, do you do...
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Passive income
What taxes do you pay when you receive passive income?
also can someone please give some details on other types of income.
Jenny Gremillion
Tax Strategy question regarding Vacation rental
My husband and i (through our LLC) are under contract on a Beachfront lot in the pan handle of Florida. Plan is to build two townhomes connected to one another. We’re thinking about selling one immediately after buil...
Nick R.
Does length of time at an address affect loan your loan rates
I'm planning on selling my townhouse and have lived there for 1 1/2 years. After I sell the townhouse, I'll be living with a friend of mine for anywhere from 3 months to a year until I buy my primary again. Will livin...
Alexandra Isenhour
Passive and Regular income when filing taxes
I have $200,000 in regular income for a separate business and $200,000 passive income in real estate investments business and my accountant files them together. Shouldn’t they be filed separately? By filing together i...
Marcus Auerbach
2018 proposed tax changes
2018 is comming up fast and Washington is debating a tax reform bill. I have not heard anything local from Milwaukee or Wisconsin State level, but I would be curious to hear comments on the proposed tax bill on a fede...
Derek Johnson
Capital Gains Tax
I am really looking for an answer from a CPA specializing in real estate, or someone who has been through the situation and had assistance from a CPA.We bought a house for $69,100 and are thinking of listing it for $1...
Kate K.
Is land should be valued at 10% or 25% for a rental property?
Our Tax Accountant from Block Advisors moved on with his career and we had to find a new CPA/Tax Accountant. We found one that's seem to be experienced and knowledgeable. He is also a Real Estate Attorney. His advice ...
Jered Collins
Just went under contract (Review Deal & Tax Question)
Just went under contract today on a house in Richmond, Va. It's located in the South Richmond District of Richmond, Va. To the facts...4 BR 3 Full Bath2,497 Sq FtTwo story brick traditional Contract Price = $70,000R...
Jeff G.
Estimating Income Taxes on cahs flow
Why are income taxes never incorporated into cash flow calculations? I am on track to have 6K positive cash flow in my first year for a house I bought this January. I however don't have the slightest idea how much o...