Ray Hayward
How do I distinguish tax return from Investment Property?
Hello,My wife and I now own a residential property after living in a multi-family we have owned for many years.We each also have a day job.At the end of the year, we always get a tax return.However, we do not know how...
Daniel Murphy
PTIN vs self prepared tax return, any red flags?
I've used a CPA in the past, but I've learned that I can handle most of my personal returns by myself. With the IRS adding tons of money to audit enforcement, will a self employed tax return with various real estate ...
Sam Erickson
"We charged a penalty on your Partnership tax return"
Hi Everyone,I received a notice from the IRS saying My LLC that has four members was charged a fee because according to the IRS we "filed the partnership return late."The amount is $4,920. ($205 per partner per month...
Svend W.
Who do you use for just amending tax returns?
Hi allAs mentioned in another post, I want to get my taxes in order on a small multi-family property that I purchased 3 years ago but which I only started renting out last year.Discussed it w a CPA who's on BP and the...
Elaine Gee
Partnership returns, Cpa s and tax expert advices needrd
My daughter and I bought a house together in 2018. Purchase price $240k. $ from my line credit from my house. It’s 50/50 Ownership. She borrowed $120k from me and made her to pay interest and principal until she does ...
James Hartley
Math check: Cash vs Mortgage - Rental returns after tax
Hi Everyone!This is my first non-introduction post, hoping this great community can help me out! I'm also new to real estate investing, so please give feedback and point out mistakes!I'm looking at a $70K SFH that ren...
Art Shalomov
HELOC with 1 year tax returns for self employed
Hi! are there any small banks or credit unions that will qualify a self employed borrower with 1 year of business tax returns for a purchase money HELOC? Thank you!
Jason Crowe
first time home buyer 1099 1 year tax return
25-30year amortorized loan. who can loan on someone in this situation. 700 credit.primary residence purchase.
Owen Schwaegerle
Tax returns for joint tenants with right of survivorship
If you are a joint tenant with right of survivorship on a property how does the accounting work for tax purposes? Let’s say there are five people on title as joint tenants with right of survivorship for one property. ...
Account Closed
Mortgage application challenges with DST income on tax returns
Question for those of you that did 1031 exchange into DSTs, and then applied for a mortgage:
I'm finding that every single mortgage lender representative I've worked with, or attempted to work with, has never heard o...