I am selling a place in Arizona for which I had prepaid taxes for the current year. The title company did not see that the money was being held in the treasurers office account ( they haven't applied it towards the c...

Hello, we recently completed a sale of our apartment complex for $850,000 that was on a standard commercial loan. We used a 1031 exchange intermediary and then purchased a condo in Florida all cash for $360,000. We we...

I’m trying to sell my home for 145k I had someone approach me about rent to own..... I owe 100k on the house. Is there a way to make this profitable?How much money can I ask for down?How do you structure that deal?

i made 30k throughout the year, why is it when i put the full 30k on my schedule c i get a refund, and when i put 25k on schedule c and 5k as a distribution from my s corp i owe money, i thought distributions dont hav...

I am considering doing a creative financing agreement whereby I will sell my home to a buyer with a $20k non-refundable purchase option.  He would pay my mortgage payment and assume all responsibility for home mainten...

Hi there. As is much of the US right now, Southern Vermont is undergoing some extreme weather right now. We had 30" snow last weekend, and temperatures rose today to 45 degrees and pouring rain. The area is flooding p...

Hello BP Nation!

I have a question for our professionals out there who may be able to better understand this situation I'm in.

Last year I was sent a EAS (escrow analysis statement) as was short 8xx som...

I have owned rentals for 4 years now. I never took the depreciation!!! If I go back and amend my tax returns for 2014, 2015, 2016 would that EXPOSE me more to an audit? I stand to get back an additional $2,000 per ye...

For professional property managers: who gets a 1099 at the end of the year?

I know contractors need a 1099 if they got paid at least $600. Do you send your investors a 1099? How about tenants? Anybody else?

Has anyone used WealthAbility? Worth the money? Did you get good advice? Thoughts? Any other tax strategist referral?