Hi BP,I am thinking of purchasing my first multi-property for rentals. Is it possible to claim the property and my primary residence without living inside the property, maybe just asking tenant if I can use the addres...
I am in the process of doing my taxes and was able to register on the new tax center website. My rental properties do not earn over 100k/year so I was able to file the BIRT easily, but I'm confused regarding the NPT ...
ISO company that does creative HELOC's:I have a find with great equity in his home but not great taxable income. Are there companies out there that would give him a small loan?Best,Alex
So I just came across this fraud. Had a loan applicant who owned a motel. Received loan package including last years tax return. Asked for the 2 prior years tax returns, was like pulling teeth. When I finally got ...
High w2 earner and was wondering what would be savings i make on tax regarding rental income after all tax write off?for example I’d need to make 18 at work to equal 9k rental income.
So I calculated that with real...
So last year I paid the amount of taxes that I was supposed to throughout the year. Because of some losses on 2 flips in Phoenix, I was supposed to be getting a 12k return. I filed before the deadline in April. I a...
Would love to hear from some experienced syndication investors. Do you file a tax return for every state listed on the K-1 where the partnership has property? Even if there is a loss. Why or why not? What are the adva...
Depreciation(almost 35% of income), taxes(almost 35% of income), mortgage interest(almost 40% of income) lowering tax return this year taking my business income to negative value. Last year also it lowered to much mor...
Hi, I have a W2 job (my wife stays home and I have two kids) and owns a few SFH as rental. I did tax return last year (including buying two SFH houses, selling one house) through a CPA and he charged me ~$1000. Is thi...
How do lenders calculate debt to income ratio using the schedule e on tax returns?