Kyle Sosnowski
Florida Homestead Info
Hi all,
I currently am reading a book that frequently mentions Homestead Exemptions in Florida (obviously due to the unlimited coverage)
The reason for this post is, I am not currently located in Florida as of yet...
Mark Allen
Incorporating a trading business
After years of time spent on research, I've gotten to the point where I'm considering quitting my day job and taking up trading as a career, and I'm looking into options for reducing my taxable income. Some relatives...
Ross Ellington
Real estate tax breaks
Good evening everyone. I'm I the process of closing on our first property through the VA. My question is Are there any tax breaks with purchasing a home. Being this will be a one year owner occupy before we can rent i...
Jonathan Felts
Does Seller Financing Reduce Taxes on a Sale
I am looking to sell a small commercial office condo unit (1728sf) in California. I received two offers one all cash for $609k and the other $625K with $315k down payment and then 5% owner financed over 5 years. I wa...
Kelley Cock
Partial 1031 Exchange
We are very novice investors. We turned a primary home into a rental 8 years ago because we wanted a bigger home and didn’t want to sell during a downturn in the market. We would now like to sell our rental and reinve...
Bineam Ambaye
Great CPA and or Financial Advisor in LA?
CPA in LA - I started a trucking business and am looking for a great CPA who understands the law and knows how to reduce taxable income? Financial Advisor in LA - My dad is getting a pension worth over $500k and he do...
Dana R.
Other landlords rejected applicant- Is there something wrong?
I have a applicant who's pretty eager to rent my place because several other places have already turned him down in favor of other applicants. I think the applicant has been looking for at least two months since he ha...
Bette Hochberger
Rental Property Tax Deductions: Maximizing Your Returns
Rental property owners, did you know you can deduct expenses like mortgage interest, property tax, operating expenses, depreciation, and repairs? These deductions can significantly reduce your taxable income. Keep met...
Paul Gottshall
Sale of Self-directed IRA property
We're looking to use self-directed IRA money as a down-payment on a quad, with 28% cash-on-cash return, so are pretty excited about it. I may not be thinking clearly, but eventually think we'll want to pull it out of...
Matt Smith
Partial 1031 exchange
Can I do a partial 1031 exchange?For example, I had $300K from the proceeds of the sale, and I want to reinvest only $200K in a new property. Does it mean I can still transfer $200K to the new property and be taxes on...