Account Closed
How do I locate who’s paying property taxes ?
Hello, so recently I’ve been just flowing through the neighborhood & I’ve recently found a property that has potential to buy & hold or to put under contract. I know you can access a properties information via...
Ramaiyer Ramesh
Tax implications of paying buyer outside of 1031
A prospective buyer wants to get a non-confirming loan (due to attractive 7 year rate). But they want to pay 10K less in purchase price as we are splitting some remodel cost. If the purchase amount is reduced, that wi...
HJ Wang
S corp payroll tax: How to pay IRS
Hello, I am using a payroll software to calculate my salary and tax withholding, fica etc. But I wonder how do I pay IRS for those taxes? Is there a portal from IRS that can take money directly from my company bank or...
Justin Ladouceur
EVADE paying a lot of tax on rentals
Hello,In CanadaSold this triplex for a nice profit. Did my taxes and owe a lot of money.IS there something similar in Canada to section 1031 ? I know of the section 44. But it's n/a . Let me know please ?Thank you
Account Closed
Seller doesn't want to pay capital gains taxes
Hello. I often come across owners of high value single family rental property who's sole reason for not wanting to sell is "All of my money would go to the government". In the past I've referred an owner to a cpa near...
Alejandro Obando
why would anybody pay $15,000 on property taxes??
Greetings BP, My name is Alejandro, I'm a new Investor looking to House Hack in Northen NJ. (Hudson County). Been putting offers for the past 4 months, but nothing seems to bite. Just came across a 2 Family House goin...
Alex T.
When to pay taxes on a flip property
Hi Everyone - I'm looking for some advice on how to report my 2017 taxes as it relates to rehabbing expenses.I just finished renovating a single-family house that I purchased at the end of July 2017. I own the propert...
Akshay Wattal
Delinquent Real Estate, who pays taxes on closing?
Hi folks.If a property is a delinquent real estate, meaning there are overdue property taxes that have not been paid by the seller for the last couple of years, who is responsible for paying those taxes at closing, th...
Daniel Wirth
Do I have to pay Capital Gains Tax
Hello all,
I closed on my house in Taos NM in June 2021. Purchase price: $165,000.
The market has doubled in the time since closing and two of my neighboring houses (Exact same houses) have just sold for $340,000. I...
Nicholas Sheridan, Jr.
When should I be paying state rental taxes?
Hello good people of BP,
I am having a difficult time finding info on when I am supposed to be paying taxes on my rental income in Missouri. Both properties are owned by a single member LLC and I was under the impre...