Jason Dekdebrun
Capitalize Costs Incurred Before Service buy Paid After?
There is probably an easy yes or no answer to this, but I can't find it anywhere online or in my Nolo books: if I have repair costs "incurred" prior to me putting a rental into service, but were actually paid with cas...
Account Closed
Tenants in Common - Will I Incur Capital Gain Taxes?
All:
Can anyone please let me know whether or not I will personally incur capital gain taxes when my tenants in common partner sells his 50% interest of two properties we co-own? I was thinking I should not incur any...
Eric Stiffler
Tax Q: What about expenses incurred prior to purchasing?
I have a couple of rental properties, 4 doors. Been at it for almost 15 years (yes, its just a side-thing, for now...). Have also been doing my own taxes the entire time. Expenses incurred to maintain, fix, service th...
John Arendsen
Smart ways to leverage capital without incurring excessive risk.
If you had a million dollars sitting in a money market account collecting less than 1% per year what would or could you do to leverage that capital without incurring excessive risk?
Howei Yeh
Meaning of "liquidated damages equal to actual incurred costs"?
Dear BP,
Can you help me understand some language in a pm agreement for a termination clause?
"Owner shall pay liquidated damages equal to actual incurred costs to date."
Does it mean the damages equal all the mana...
Mukul Patil
Are fees incurred while paying Property Taxes tax deductible?
Hi, This is for a rental property. I paid using a credit card and the county charged me a service fee. This fee would not have applied if I had paid using a bank account.Can the service fee be deducted as part o...
Mark Stone
Deducting Expenses You Incur Before Your RE Business Begins
Hey guys,I came across this article by NOLO, which from my experience has been a pretty good resource, but wanted to get your thought on the topic.http://www.nolo.com/legal-encyclopedia/deducting-e...It appears to add...
Cam Jimmy
Bill introduced to shield unpaid federal workers from Landlords!
Supposedly they have introduced a bill (Not passed yet) to sheild unpaid federal workers from lenders and landlords. What a pain in the ass! This Gov't shutdown is going to affect way more people now. I don't know if ...
Sylvia B.
Hello, I'm a slumlord
We had a conversation with a guy today and it went something like this:"Hey I saw you hauling some lumber the other day. Whatcha building?""We bought a rental house and I was fixing a safety hazard." (Concrete step at...
Andy V.
tax write offs for costs incurred while looking for deals
I wanted to clarify that one needs to have a rental property, with claimed income, before you can write off expenses associated with it like travel (gas or airfare) to check on it, correct? In other words, is there a...