Hey, does anyone know how the tax office process, do I need an appointment or do I just go and look at what they have?
Hi,I recently purchased an out of state rental property in Memphis, TN and was wondering how rental income is taxed. I read that Tennessee has no income tax. Does that mean I do not need to file the rental income? The...
Hi everyone, I have a LLC in Columbus OH which I use to buy rental property. I am out-of-country so I'm not super familiar with the taxes, and just wanted to be clear before the filing deadline in May haha... What are...
How much state tax benefit would I get by putting money into the 529 program now and taking it out for August? I just don't want to tie up money for a small amount.
I need some help and guidance on the following situation/ example pleaseBackground:1. An Estate Property - a property with 2 houses in an Estate in TN2. 2 Liens - a Nursing Home - and Federal back taxes* June of next ...
Hey everyone,Tax question regarding an inherited, traditional IRA.I am a non-spouse beneficiary which was listed in the will of the deceased. Therefore, it does not have to go through the estate and probate period.My ...
Greetings! I'm sure this has been covered, but I've had no luck finding specifics. My tax professional mentioned the new tax code includes a $10k cap on mortgage interest deductions for investment properties. This ...
Does anyone know the tax implications when selling your own investment property when you are a real estate agent? I always thought it was just long term capital gains but I was told recently that since my wife and I ...
Hey everyone,New to this. (Read a few books) but was wondering about the 15% tax on flipping homes since your considered a business. Is it 15% in every state? If not, how do I figure out what all my charges will be? N...
Hey Guys, quick question regarding the taxes I will pay on wholesale fees. I plan to have a separate SMLLC for my wholesale business. This LLC will be taxed as a sole proprietorship starting out. What are all the...