I received a 1099-Misc from my property manager for tax year 2018. This is the first time I've ever purchased an out of state property that is professionally managed.Doesn't receiving a 1099-Misc mean that the income ...
I am selling my home because my wife got a pay cut and we can no longer afford the mortgage. We will be making money off the sell and we are buying a cheaper home. Do we have to pay taxes on the profits from the sell?
Hello,
I purchased my first buy and hold property late last year under my personal name. I'm looking to start adding more properties later this year and decided I better get a business entity established sooner than ...
Investment Info:
Condo fix & flip investment in Atl.
Purchase price: $85,000
Cash invested: $15,000
Sale price: $152,493
Purchasing a property post recession, and venturing into the DIY depar...
Is imputed interest for the seller calculated off the entire amount or income received. eg is it taxed on the remaining balance like 200000 with 2 percent tax and 2000 a month payment would be 333 the first month, 330...
Can anyone recommend an RE investor knowledgeable CPA in the Houston Area? Tks
In MA, if I live in a house 2 of the past 5 years, I can sell it tax free.
I owned a house for 2 years 1 month.
Does the IRS check up on where you lived for that 2 years?
I actually lived there 2 years, but thr...
Complicated post and I realize this might be more geared to a CPA, but figured I would try here and see if anyone else has come across a similar situation. Will itemize for brevity purposes:- Mother wants to move to S...
Hello all!I am looking to buy my first multi family but need to make sure I understand my monthly payments to find the best deal. Unfortunately this includes figuring out taxes. I am trying to wrap my head around asse...