Benedict A Hubbert
Gap Funding for Flip in Federal Hill area of Baltimore Maryland
Investment Info:
Single-family residence note investment investment in Baltimore.
Purchase price: $180,000
Cash invested: $50,000
Full remodel with 2nd floor addition. In addition to providing the g...
Sigurd Panke
Pre-pay federal tax to IRS on sale of rental home?
I'll be closing on the sale of a rental home on 1/2/20, and will incur around $15k in long term capital gains taxes on the sale. Do I need to pre-pay the IRS some taxes, or can I wait until April 2021 when I file my 2...
Steve Sherman
Getting Federal Tax Lien waived for a Tax Deed Auction property.
Hello BP Fam. I recently won a bid at a Tax Deed auction in St. Louis. When the title report came back on this property, it showed a 57k IRS federal lien against this property. I can still bail on the property and get...
Account Closed
help understanding series of federal & state tax liens and foreclosures?
Ken P.
Does an HOA owe federal tax when selling a foreclosed unit?
A condo HOA where we have a number of units and where I sit on the board is being told by our accountant that we owe tax on the profit on the sale of a unit owned by the Association. The Association has owned it for ...
Has the Federal Reserve gone too far? Many Americans are critical of the Fed’s move to raise interest rates sharply, pause for years, and then slowly start implementing rate cuts. The arguably most prominent critic of...
Evelyn Guo
K1 loss tax report for non-resident state (NC)
Hi, I am using Turbo tax to file K1 form, the NC state tax is filed as non-resident alien. I had a passive loss form the syndication, I am not sure whether I should input 0 or the actual loss number in D-400 Schedule ...
