I heard a podcast where Peter Schiff explained he doesn’t pay federal income tax because he “moved” to Puerto Rico. I got curious and looked up whether Puerto Ricans have to pay capital gains tax, and it sounds like ...
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I live in California, and I have some properties in FL. Also looking into other states (mainly GA and SC). I have not researched it yet, but does anyone have advice on what I can expect tax-wise? Will California ch...
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I'll be closing on the sale of a rental home on 1/2/20, and will incur around $15k in long term capital gains taxes on the sale. Do I need to pre-pay the IRS some taxes, or can I wait until April 2021 when I file my 2...
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When paying Capital Gains, do you pay both Federal (15%) and State (?-varies by state?)
I know, 1031 and defer...but thinking about keeping options open as to how to re-deploy...
Thx.
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Do I have to file for an EIN number for an LLC that I hold a multifamily property under with a partner? I am closing on the Triplex on friday and everything else is ready but no EIN, does it matter?
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i purchased 2 fourplexes and incurred a ton of losses but project income in future. i was thinking about defaulting on 401k loan due to having enough losses to offset
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Does anyone know what the tax rate is in NC when you buy an reo then sell for profit......Didnt know if it varied state to state or not.......
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Noob question.
I am buying a townhouse, I want to flip. How do I avoid taxes and buy another home with the proceeds?
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Hi all! Looking for tax tips.. I have a registered company in Missouri ( Mostly do Flips and have 1 rental), up to now we have only done 1 flip per year and about 9000 a yr on rental income. I think we pay too much i...
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Hi Ladies and Gentleman, would you buy a new build (CASH) that would generate around 5.3 percent, plus appreciation that is guaranteed in this area over time, plus cost segregation against W2, or just stick with T-Bi...