Leah Thompson
Ordinary income tax vs Capital gains
Just getting started… and so much to learn. We bought our first property at a foreclosure auction with plans to turn into a rental. Single-family home with large yard, as we learn, now rethinking our strategy.
If we...
Samuel Carmichael
4plex income ( do you pay taxes?)
Hi BP Team,
If I buy a 4plex and am using the rental income to pay down the mortgage. Do you pay tax on that income before you can use it?
Or can you put the full rent amounts you collect straight onto the mortgage...
Kyle Spiewak
Health Care Tax on Rental Income
Read this today and thought it was interesting and worth sharing. It is from the Journal of Accountancy. If I am reading it right it is saying that there we will a 3.8% tax on rental income. Please give your feed b...
Chris Redmon
Rental Income Tax Makes Me Hesitant...
Hey everyone!This will be my first post so i apologize if its being stuffed in the wrong area of the Forum. My name is Chris, I just purchased my first home at 26 as a personal residence. Ive always been a believer in...
Marcus ONG
Income tax for non resident alien
Hi
Hope someone can enlighten me on the following:
1) tax rate on individual vs LLC
2) is there a state and federal tax component?
3) estate tax planning for non resident.
4) Depreciation for old house. What's the t...
Ben Gonzalez
Tax on Note Income - Installment Sales
Hi all,
I was hoping I could get some general info about taxes from note income and how it's supposed tp be handled.
I'm getting into creative financing, and plan to originate several notes (yes, I'm aware of Dodd-F...
Victor Chico
Low Income Housing Tax Credits (LIHTC)
Hello!Can anybody share their experience on using LIHTC? Also, can you point me to good resources (books, websites, etc) where I can learn more?I recently met with my local housing finance authority to find out about ...
Viraj Patel
How the IRS taxes different income
I recently started reading "Tax Free Wealth" by Tom Wheelwright and I realized how much my knowledge is lacking on the tax side of investing. Further, I realized how confusing the different terms are for the various ...
Kasia Leville
Tax adviser specialized in foreign income
Hi, Can anyone recommend a good tax adviser with extensive knowledge of tax regulations regarding foreign income and assets, particularly avoiding double taxation and Foreign Account Tax Compliance Act (FATCA)? Prefer...
Steven Chang
3x Income Pre or Post Tax?
I couldn't find the answer in a quick search, but is the 3x income rule pre- or post-tax? If pre, does this rule shift in states that have income tax and states that don't?