Rich Weese
If you DON'T get all warm and fuzzy when you pay income taxes---
I've tried to post this as a reply etc and it doesn't show up, so I'm trying it from new perspective!! I think it is worthwhile.
I promised my wife I'd work with her and be available to help with the income taxes ...
Kyle Smith
Percentage of gross earnings for taxes/fees for STR in Gatlinburg
I would love to hear your thoughts on what percentage of my gross income would be for typical services and fees usually handled by property management companies in the Sevierville areas. I’ll be handling everything m...
Hillary Young
state tax much higher than fedral for W2 earnings of $14k ?
Hi, I have a question regarding my 16-year-old has W2 earnings of around $14k, so he will pay $160 for federal tax after standard deduction. But using turbo tax his state tax turns out to be $588, does that sound rig...
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?
Daniel Schiff
Taxes due for flip with married couple both with W-2 earnings
My spouse and I have a real estate pass thru LLC we are 50:50 partners / owners of. We are in the middle of a flip which will sell in 2024 and have a second one lined up. Estimate to make 80-100k from both deals. Fo...
Account Closed
Tax Savings as a High-Earning Dual Income W2 Family ($300k / yr)
“Wealthy people buy real estate.” I realize I’m fortunate enough to count myself among them. These supposed tax savings though… where are they?
My wife and I are fortunate enough to have two W2 jobs making ~$150k /...
Jamar Winn
Im looking to put my time and hard earned cash into tax liens
First let me say I have been lurking in this site for a while and I have been reading about tax liens in Maryland for about a year .When it Finally came down to the day of the tax lien auction It was a fail. My pla...
Aaron Lippiatt
How do I report income tax on interest earned from promissory note w/expenses?
If I earned interest on a promissory note, but incurred expenses to loan that money, how do I report that?I loaned money to a real estate investor who then used the money to fix and flip a property. He gave me a promi...
Matt M.
If I live-in my triplex, do I have to pay taxes on rental income earned?
To my understanding, actually living in the premises, especially being a 3-home or less, will put you into a different mortgage bracket, tax bracket, etc...
Do I need to claim my rental incomes and then pay taxes on ...
Ronnie C.
How could you earn a LIVING in tax liens and deeds, with $230,000 cash to start??
I'm a former "investor/flipper" from a market where REAL deals have dried up, and need to make a "LIVING".I know the difference between a tax lien and deed, and all the blah blah blah that the gurus will spend 3 hours...