Chris Phillips
Estimated Taxes + W2 Spouse Income
I'm a little confused on how estimated taxes work for self employment. I was just curious if anyone else has the same scenario as me and if they pay estimated taxes through out the year or not.Currently my wife works ...
Aaron Landau
Paying taxes on rental income
Hey all,I will be extending an offer tonight for a multi-family home that I would be living in. It is a two family home; I will live in one unit and rent out the other. I am trying to get a full understanding of the e...
Bryan Hancock
Low Income Housing Tax Credits
Do any board members have experience with low income housing tax credits? I would love to get a run-down on them as well as some pointers to helpful resources to learn more about them.
Ramel Ruffin
Low income housing tax credit
Hey to all!! I have a question hopefully a great mind can answer. I just because aware of “ low income housing tax credit” I was hoping someone can tell me in laymen’s terms how this works and how can I get into in Ne...
David Smith
States with no income tax
Like Texas, Florida You get bigger returns when analyzing two deals with same cap rate with one in FL the other in NY? Right?
Ariel K.
Tax on real estate income
I just have some general questions about taxes on real estate income:1. If I turn a profit on real estate, what tax rate would I pay? Long term capital gains? 15%? 23.8%?2. Is there a way to always avoid taxes even af...
Steve S.
Tax question on rental income
I'm trying to get a better understanding of how much of my rental profit I may be able to keep. If my AGI is $150,000 and my rental profit is $24,000 for the year, after paying the PITI and expenses, in a rough estim...
Joshua Hilliard
Claiming rental income for taxes
My wife told me that she heard rental income up to the price of the mortgage was not required to be reported for tax reasons. I have never heard this and to me it sounds wrong but when I mentioned it she said that I w...
Elisa Rafol
Tax Shielding income w/ RE
With an income of $250k, taxes are killer. I know there's a better way...Assets:160k in a fully owned home (renting w/o an LLC--need to set this up pronto)65k in a financed home (going to rent w/ an LLC)35k in a fina...
Bryan Proffitt
How is rental income taxed?
Going to close on my first investment and looking to get some good insight on how rental income is taxed and how to offset taxes as much as possible. Rent will be going to pay back LOC, to reuse and possibly use again...