Account Closed
North Carolina Sales and Use Tax for Landlords - New Rules
House Bill 1050 (S.L. 2014-3), signed into law May 29, 2014 by Governor McCrory, provides that the gross receipts derived from the rental of a private residence, cottage, or similar accommodation listed with a real es...
Jacob D. Lange
Tax Deductions on a New Property???
New Investor here, in contract on my first rental property.
If I do not have any revenue related to the property in this fiscal year, can I still take all the legal deductions? Do I have to wait until I can show rev...
Amelia Casalenuovo
STR Deal Analysis (AirBNB VRBO) in Tampa Florida (Brandon area)
Hi!Looking to see other's input on this deal in brandon, FL. The property is in a great location, just 20 min from downtown tampa and just over 1 hr from disney /east orlando. This will be our first investment propert...
Jacqui Casey
Analyzing STR Properties
I've noticed in some markets, there's an additional tax you have to pay on gross monthly income. Is this something you should add into your property analysis as revenue you won't be taking home, or do people use Airbn...
Joseph Pugliese
What is the best way to write off a list of income on investment
I currently have an apartment that I didn’t receive rent for about 8 months ( eviction process) When I asked my account (CPA) he informed me that we would not pickup the income on the property. So we are not paying an...
Andrew Haddad
4 First time investors looking for advice/confirmation about getting started
We are 4 younger guys recently out of college looking at forming an LLC to purchase our first investment property. We planning to meet with a lawyer soon to cement our articles of organizations and operating agreement...
Account Closed
Washington state capital gains tax
Very interesting read.... Live to know the thoughts if people in this forum, especially people from seattle, washington or anywhere in washington state actually.
I just copied and pasted the article....
Gov. Insl...
Walker Ballard
Airbnb Tax Withholding Help
Hey everyone! This is my first post. Hoping to get some help. I own a property that I'm renting out on Airbnb. I made a mistake and let my PM be the primary host and I'm the co-host. Either way, the payouts go to me a...
Victor Chan
Profits and losses from flipping
I have a question on the tax issues when it comes to flipping. If one buys and sells homes using their personal names, and say there is a profit of $50K on house 1, and a loss of $20K on house 2, can we offset them an...
Jack Macioce
DSCR and Straight-Line Rent
When calculating DSCR, we know that the formula is NOI / Debt Service. My question focuses on NOI, specifically rent. In DSCR calculations, has anyone ever "straight-lined" revenue?Projecting revenue is easy. For e...