Kaizen Christian
Showing rental income if you haven't filed taxes.
So we have a situation where my fiancee bought a house so that his mom and family ( brothers/sisters ) can all be together as they transition to the US.The thing is that now, he is having a family of his own, and we a...
Account Closed
Delinquent state income taxes and student loan debts
I'd like to purchase delinquent income tax and student loan liens against properties as an investment. Are these kinds of liens sold in any state auctions or to private investors?
Account Closed
Delinquent state income taxes and student loan debts
I'd like to purchase delinquent income tax and student loan liens against properties as an investment. Are these kinds of liens sold in any state auctions or to private investors?
Devin Redmond
Promoted interest now taxed as ordinary income, alternatives?
Curious as to how others are dealing with the 2017 TCJA tax change whereby promoted interests are now taxed as ordinary income instead of capital gains if you hold for less than 3 years: https://www.aprio.com/whatsnex...
Steve Young
Qualified Business Income Tax Deduction for Residential Rentals
Hello, I have several out-of-state residential rental properties that are managed by local property management companies. The property mgt companies make decisions on minor maintenance and repairs, but I make decisio...
Brie Schmidt
Paying off loans - interest deduction vs income taxes
So I have seen a few posts recently with people saying it is not a good idea to work to pay off your loans quicker. The argument is that you will lose the interest deduction therefor will need to pay additional ta...
Jason Meyers
How to Tax my Income in a LLC
Hello All!I'm very excited to announce that I am in the process of purchasing my first two single-family homes to begin my real estate career. I am purchasing these properties with another local investor where we form...
Lindsay G.
Out of State investment property-Dual income taxes?
HI all! I purchased an investment property in Myrtle Beach, SC and live in San Diego, CA. I have an investing company based out of San Diego (just started and purchased 2 properties). I plan on AirBnB-ing the property...
Account Closed
Confused on income Tax for Potential rental property
Let's say I live in California and make $255,000 of taxable income, from my advertising company. I want to buy a duplex with all cash that would start paying me $2,000 a month after all expenses have been paid (other ...
Todd Willhoite
Short sale and income tax consequences to seller
I entered into a short sale contract June 3, 2016. The bank has taken a long time to approve and now they say we need to close in 3 weeks. The seller is now concerned that he may have income tax liability on the amo...