Just as the subject says, the seller won't provide the Schedule E for a 3/1 SFH house I am considering as a B&H. The reason is that he is "behind on taxes" and I should just make an offer without it. I feel as tho...
Yesterday I was signing my closing papers for a refi on my primary and my mortgage broker mentioned that Fannie Mae has just changed their rules about 2 years minimum to count rental income. He said they are now coun...
I'm new to investing in multi family units and plan to make my first purchase in a few months. I know the Schedule E is what a landlord should be filing come tax season, and I know my lender will want to see the Sched...
I bought a few properties this year and I sold one. I would like work with someone to get the most out of my tax returns. Please get ahold of me anytime at [email removed by moderators]
Im getting the list of preforeclosures and when i look up the property on propstream or propwire it shows the house to be paid off and not behind on taxes, so my questions is what would be the reason that it is schedu...
i made 30k throughout the year, why is it when i put the full 30k on my schedule c i get a refund, and when i put 25k on schedule c and 5k as a distribution from my s corp i owe money, i thought distributions dont hav...
I made "mistake"? on prior 1040 by listing my business expenses on Schedule C. (Makes sense, business deductions on Schedule C.)
Now I'm told I should do it on Schedule A so I filed amended return with deductions -- ...
Hello all you smart people......I have been a stay at home mom (my husband works a 7-5 government job) and commercial real estate investor for the last 20 years. Every year I discuss our return with our tax preparer ...
Hi BP - need your help with this situation (our properties are in Houston, TX if that matters):
- Properties A and B: Both were held by three partners in our own names individually (never held in an LLC)
- Property ...
My 3 family purchase is almost ready to rent, just over 6 months renovating. I understand "Make-rent-ready costs are not deductible." My question is what expenses along the way are a deduction this year? Property taxe...