I have done some searching, but I did not find the answer I was looking for on this topic. Lets just say I decide to set aside $300/month for 12 months and I show it as an expense on the P&L. Now it is tax time! I...
Can Only a PART of paid OPTION Consideration Funds be NON Taxable ?In the process of BUYING a PURE Option to buy a SFH subject to an existing loan (at a lower fixed long term interest rate)Let say the OPTION "Strike ...
Can Only a PART of paid OPTION Consideration Funds be NON Taxable ?In the process of BUYING a PURE Option to buy a SFH subject to an existing loan (at a lower fixed long term interest rate)Let say the OPTION "Strike ...
By my calculations we've assisted nearly two dozen out of state or area investors acquire, furnish and launch vacation rentals on the Oregon Coast the past two years. The typical investor profile is GenX or millennial...
ok, i thought i posted this yesterday but i couldn't find it at all. So here we go again. I live in connecticut. And i was wondering if an assignment fee can be seen as payment for selling property? I believe, as i ...
Ok, so a couple of friends asked me to copy and paste here what I uploaded in my LinkedIn, instead of providing the link so here it goes....
New York Mansion Tax UPDATEPublished on April 9, 2021Taxes in NYC could...
Does anyone know if you have to pay documentary stamps on properties that you take "subject to" existing liens?
My attorney is advising me that I must pay doc stamps on the amount owed on the existing mortgages if a ...
How does earnest money deposits works? As I was reading, I saw that when dealing with new buyers many wholesalers had made the buyers pay an earnest money deposit. Is this a recommended practice? Why? How much do I as...