Shawn-Karisa Shaffer
Can your Tax Return limit your borrowing power?
Hey BP community...I'm fairly new to the site, but been part-time investing for a few years. I have always done my taxes on my own (via TurboTax), and never seemed to be a problem. I admit I am not an accountant, but ...
Charlie Flowers
Discrepancies in deceased dad’s tax returns/ estate reporting
my dad passed away a few months ago. I have been collecting rent on 2 legal units and 1 illegal unit in a 3 family home. The rent is paid in cash there are no leases. My dad and i resided in the first floor apartment....
Kent Lord
*Expenses hurt, *Refi unhelpful.. Personal Tax Returns BRRR
I'll be as clear and quick as I can:
I recently finished renovating a 5 plex and SF house in NE, then subdivided the lot to create two different properties. I then refinanced them with a local bank, success, kind of....
Marie Z.
How to report 1031 exchange on tax returns
I am wondering if there is anyone on this site who can advise me on how to fill out forms to report a 1031 exchange for 2020. We sold 2 houses and purchased 1 by doing a 1031 exchange. I know I have to fill out 8824 a...
Martin Estrada
12 Month Bank Statement / 1 Year Tax Return
Hi guys looking to purchase my 1st property , due to a family emergency I need to start looking for a property now instead of waiting one more year for qualified mortgages. I have a successful last mile delivery servi...
Jemma Jacques
Need strong CPA to help file tax return
Hi there,
I need to get a strong CPA that can help me with filing in a few different states, I have 4 LLCs in TN, WI, OH, CA and since houses are new I need someone who really knows how to maximize depreciation and c...
Nathan Gesner
Trump tax returns released -what do they show?
NO POLITICAL STATEMENTS!President Trump's tax returns were subpoenad and then released to the public. What do they show? According to the LA Times, Trump is a "real big loser" because his properties all show losses an...
Jordan Burnett
Multifamily Syndication After-Tax Returns for a LP
Does anyone have an actual (net after-tax) return breakdown from a multifamily syndication that they have participated in as a Limited Partner?
I'm particularly interested in Limited Partners who would not benefit fr...
Denise Evans
Alabama Tax Sale Surplus Funds Strategy Might Return
Several years ago the Alabama legislature and the Alabama Supreme Court, acting separately, eliminated the surplus funds tax sale strategy in Alabama. The strategy related to partnering with former property owners to ...
Emily Kaitlyn Hunter
1099 Tax Return Messing Up My Loan Application?
I am a fully commissioned 1099 insurance agent. I bought my first house 3 years ago for $269,500. I am now looking to put offers in on second home/airbnb rental properties that are right around this price. The most ex...