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Deductions for Investment Interest Expenses by Kislay Shah CPA
Taxpayers are constantly striving to be able to make more money. A great way to do that is by investing in assets and growing your financial portfolio. By investing, further savings are acquired by being able to reduc...
Linda Hastings
Tax Implications of Discounted Notes
I'm trying to understand the tax implications of investing in discounted real estate notes. I've heard a couple of differing opinions about how to calculate what is taxable income, but I'm curious to hear from some CP...
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Must Know Real Estate Tax Saving Strategies for Investors
Real estate can be a rewarding investment, but it also comes with various financial responsibilities, including taxes. Fortunately, there are several tax-saving strategies that property owners can utilize to maximize ...
Julio Gonzalez
What is the Difference Between Tax Deductions and Tax Credits?
Real estate is an investment vehicle that comes with a lot of tax benefits which is why it is so attractive to investors. However, understanding the tax benefits and really grasping the difference between tax deductio...
Bruce L.
Recapture Tax Help
Hi guys,
Had a few questions regarding recapture tax and was hoping someone could help.
1) Recapture tax is a federal rule/law and not at the state level correct?
2) Will you owe recapture tax whe...
Jodey Rifenburg
What can I do with profit to “hide” it from immediate taxes
I have had profitable years in the past and have paid a significant amount in taxes. This year will be more profitable than before and I’m working to gain the knowledge to help me not continue to just stay on this pat...
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Rental Property Tax Question
If an individual purchases a rental property and incurs expenses for property management, maintenance, and mortgage interest, how are these expenses typically treated for tax purposes, and what impact do they have on ...
Nick Akey
Should I include income tax when comparing rental properties?
I want to calculate the potential monthly income that I would receive from buying and renting properties.Example: If the income is $250 a month - should I reduce that number according to my income tax rate?OR is it st...
Jessica S.
Buyers Agent Represents Self
If you are a licensed agent and looking to build rental portfolio, assuming you represent yourself... what do you elect to do with buyer side commission? 1) Get paid as if agent
2) Try to Reduce closing costs
3) Red...
David B.
Depreciation to wipe out taxes from early IRA distribution?
Let's say i take an early distribution from my IRA, and buy a rental property.Can I use the new accelerated depreciation to wipe out the taxes that I have to pay on this distribution?