Sophie Sawyer
$100k income in W2, but $0 on tax return adjusted income
Can I take out mortgage loan given:
I have a stable $100k W2 income from my employer, but opened an LLC this year and am projecting a loss of $200k in the first year. This loss is expected and not a problem. However,...
Tyler Smiarowski
Tax reform bill make rental income subject to SE tax?
Discussed this in a CPE class today. If you go to page 51 of the tax reform bill. ( just google it and you should find it..its 429 pages). On line 14 where it states "Application of Rental Income"...it says section 14...
Vincent Crane
Texas - No income tax, but higher property tax. Worth it?
Most states have a 6% income tax, so if someone is earning $100,000 per year, that's $500 per month. If you're a real estate investor in Texas with multiple properties, there is a higher property tax. Is it worth it? ...
Michael Dunn
Rental Income + Taxes + How will this come out on taxes ?
Rental Income + Taxes + How will this come out on taxes ?I need some help and confirmation please, given as how have the year is now over and 2017 Tax season isn't all that far away . This year will be the first year ...
Jack B.
Heavy property taxes in WA worse than state income taxes
I’ve been planning a relocation recently avoiding states that have income taxes. Then it dawned on me that I’m paying 25K a year in property taxes here, which is CONSIDERABLY more than I would pay in income tax on my ...
David Krulac
No Income Tax, No Real Estate Tax, No Capital Gains Tax & No Inheritance Tax
Does a place like that exist outside of a real estate investors fantasy or a CPA's nightmare? Imagine what your cash flow would be without income & real estate taxes!
YES!
Turks & Caicos, an...
Michael Dunn
Rental Income and how it shows up on your Taxes as Income ??
Rental Income and how it shows up on your Taxes as Income ??Can someone please help me in understanding the way in which the Rental Income received will be " Counted for " on my 2017 taxes .Example:Let's say I receive...
Robert Johnson
Is the income from a STR considered "earned income" for tax purposes?
From my understanding, long-term rental income is not considered "earned income" but what about the income from a STR or MTR if I self-manage the rental?
Jason Parente
Suggestions/Help - didn't do income tax returns
Hey everyone,for many reasons, I didn't process income tax for the last 3 years of my LLC. I bought and held a rental-property and lost money the first 2 years (a bunch with renos, holding cost, etc...) last year I ma...