So when searching through websites such as zillow i come across a number called the Tax assessed value. Can someone explain to me the difference between this and the actual Market Value of said property?
I am having some issues figuring out to calculate how depreciation affects my tax for a rental property. I have an example below. Is it correctly calculated correctly?
Example:
Purchase price: $1,500,000Rehab: $100,...
I understand the Land and total market appraisal values. But what do they mean improvment value, what is the percentage referring to, and most importantly, what is the assessment? Is this the amount of work that needs...
How do you figure out how much money you’ll save on your taxes by purchasing an investment property? Or how do you calculate tax advantage?
Say (very hypothetically😂) I had an income of 400,000 and I bought a $100,...
In 2021 I had overall negative AGI on my personal return due to losses on rental properties. I had no tax liability in 2022 and now here in 2023 I do. How/ where do I utilize that prior loss? Is it an NOL on Schedule ...
I am looking to buy more properties in the Charleston area. Does anyone know which county (Chas, Berkeley, Dorchester) has the lowest property tax rate?
I've performed searches on this topic and cannot find anything definitive regarding my inquiry, so posting my own.
What will be the depreciation recapture tax rate I have to pay when liquidating a rental - flat 25% o...
Hi Guys,I would like to know what software are you guys using to manage your rental units. I am looking for a cloud-based tool where we can manage expenses, calculate taxes, roi, roe and cash on cash returns. Please s...
Does anyone have any good resources, tips, or ideas on how to roughly calculate/estimate income tax on rental properties?I'm in the process of hopefully buying a rental very soon and while I have everything estimated ...
Hi there,I couldn't seem to find an easy way to search for property owner information on indy.gov - I did check the links on biggerpockets for the county tax assessor but it went to a broken link. I also looked at ind...