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"For the first $40,000 of your income, the capital gain tax rate is 0%! You pay nothing!"
Fantastic, but what does it actually mean?
If I have no job and sell a property for $100,000 - does it mean I pay nothing for...
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So, this is a two parter – 70% Rant, 30% Tip, feel free to skip down to the tips section…RANT:So I’ve had a busy year, went from 0-8 houses, and I’m definitely feeling the growing pains, but the biggest one is with In...
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After many years of doing my own taxes with forms A, C & E using Turbotax we started using an accountant when we formed an LLC like 5 years ago for our properties. Now he's MIA, and we weren't all that thrilled wi...
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Hi! How are you guys tracking your deprecation? Which software are you using? Or are most of you strictly relying on your CPA? Id like to track myself and be aware of my tax deductions.
Thanks in advance for your ...
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Help please in learning how passive losses can offset Cap Gains.I watched Brandon Hall's great #45 Daily Smart Tax video but my Turbo Tax seems to have a different opinion.
Form 8582 calculates Passive loss Limitati...
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Hi allHow do I report an interest-only on installment sale? I sold a rental condo this year for $200K. Buyer put down 30% down and I carried back a note of $140K with monthly interest only. My question is Do I have to...
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Last year I began investing in real estate and will need to file taxes for 2019. I have an LLC with 2 single family homes that were both purchased in 2019 and used as buy-and-hold rental properties. Since this will be...
Tax season is in full swing, and for most individual taxpayers, the looming deadline for filing and payment is Monday, April 18, 2022. However, life can get complicated, and if you find yourself needing more time to g...
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Would anyone know of a updated tax lien/note tracking and management software for a small-mid size investor? I know there is a software by Vadar that are for firms that manage thousands of liens, but is there somethin...
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hi,
I'm looking for more targeted motivated sellers. Is there a software out there that's pulls public records and finds people have tax liens or back taxes on their property?