Last year I converted an old 401k of mine into a Self Directed 401k and used that to buy and refurbish a few properties and now the monthly income is very nice and I sleep at night knowing I'm not overly reliant on th...
I am ready to cash out of a highly appreciated property. My attorney put together a plan he is confident will work but I believe this is the first time he has done this so I am reaching out to all of you for critique...
Hello Everyone,I am an active duty member who just go re-assigned from California to Virginia. I am trying to rent out my current residence in CA before I leave. I was just informed by my property manager about a CA...
Hello BNO I wanted to ask if I live in Washington and invest in say Dallas would I need to file taxes in both states if I did a flip and made a profit.ThanksTyrone
Hi All -I have a primary residence and am considering adding my two sons in college to the deed of my house. I am single. We all use it as a primary residence. I plan to sell in two years and have us all get the 250...
To me, the most important tax worksheet is the Qualified Dividends and Capital Gain Tax Worksheet on Page 36 of the 1040 Instructions.
Line 9 of the worksheet says: "This amount is taxed at 0%" What is line 9? It's (...
Hey there,
I was wondering at what point a 1031 makes sense? I have a property which is the first I've held over a year. Someone told me to consider a 1031, but is it worth it if the profits are only 40K?
Question for anyone who may know the ins and outs of this. I'm in the process of doing a blanket refi on two of my properties that are owned by my LLC. The bank is setting it up as a commercial loan where the LLC is...
Example: All in costs on a house $60k, sell for $100k (10k down and $90k seller financed @ 10% for 30 years). I would like to know what taxes are owed and if they are immediate or paid as the monthly payments come in...
The taxes in my area are 13.5% on the rental amount. However, I notice that the amount that they claim to be remitting to be 15%. That is,1.5% higher than the actual taxes due. Is VRBO charging renters a fee for makin...