Hello:I currently use the basic version of H&R Block Tax software. They have a version that is over 3 times the cost labeled "Premium - Best for self-employed or rental property owners". I am able to do all my r...
I was doing turbo tax, and im surprised that it is changing my return based on the number of months i claim i used the residence as my primary residence. I realize over two years is tax free, but im not trying to do t...
I'm a relatively new real estate investor (have one property that I kept after moving out and looking for turnkey rental to purchase within the next two months). I want to better understand tax and legal consideration...
Good morning everyone!This is my first year being self employed and I would love to know what/who you use for taxes. I typically use Turbo Tax for my w-2 employment.Now that I am no longer a W-2 employee I am open to ...
Hi BP -A friend bought a home about a year ago and in that time discovered the neighbors are drug addicts. With the addictive behavior has come vandalism, discharging of firearms, threats of violence, etc. to the poi...
I'm attempting to do my taxes and they are a little more complicated this year, as I house hacked and rehabbed my first house, while living in it. I was thinking of using Turbo Tax or HR Block's software. I've also he...
Hi -
Besides QuickBooks, is there a super really easy software package that will help you keep track of your expenses on repairs or improvements as they incur so that when it comes to tax time, you can easily import...
I have recently separated from my marriage partner and moved into a duplex that I purchased before marriage. This has all happened within the last 30 days. We have a HELOC that we qualified for together back in 2020 t...
Hello, I have two questions about seller financing. My friend is a note investor and will be financing a home to me on a note that he’s buying outright. Of course, we will draw up legal contracts for this deal. My fir...
I bought a rental property 7 years ago for $198000. Last year, I sold it for $400000. For the sake of simple discussion, let me ignore all purchasing and selling costs. So, my gain is 202000. Within one month of the s...