Joe Lambert
Suspending Depriciation for Taxes
Is it possible to suspend the depriciation clock on a SFH utilized as a rental. The reason for this is that the next decade will be a very low tax era. The addition of the passive income deduction will lower my taxes ...
Ellen Xu
Tax implications of closing cost of cash out refinance?
I refinanced my residence last year to get cash out to buy an investment property, so I have two closing costs: one for refinancing my residence to get money out, the other for buying the investment property. Could I ...
Brian Schmelzlen
New details on the tax bill
For those of you who do not an alert set up for whenever news breaks about the new tax bill, details are coming out about what will be contained in the final version of the bill (coming out of committee).Here are the ...
Timothy W.
Tax Pool
It's $20 a square. We're going to guess what the income tax rate for a 120k household is going to be in 20 days. Who's in?
(Anyone who misses the point will be beaten severely.)
Justin Brickman
Texas Property Taxes
Greg Abbott’s $18 billion tax cut package for Texas homeowners came into force on Monday, but many residents complained to Newsweek that they are still facing impossibly high taxes on their homes.
Property Taxes by t...
Cyrus Rapinan
2023 Texas Tax Relief
Texas recently passed a tax relief for property owners. Does anyone know how it actually works and applies to commercial real estate?
Mark Sheppard
Using money from your taxes to use on rental properties
Does anyone know if the information in this article is a possibility?https://www.irs.gov/newsroom/new-rules-and-limitations-for-depreciation-and-expensing-under-the-tax-cuts-and-jobs-act
Jared Asch
Bonus Depreciation and How Can it Drastically Cut Your Tax
Bonus depreciation is a powerful tax benefit but even some of the most seasoned real estate investors have never heard of bonus depreciation. Why not?
It’s traditionally been a tax benefit reserved for developers tha...
Charles Player
Income for rental property?
I have a question for you guys. I have a rental that the mortgage is $727. I rent it out for $930, thus producing a $203 profit each month so to say. When I state my income on anything from applications for loans to w...
Dennis King
CPA or Tax Adviser with Solid Real Estate Experience
I am looking for a CPA or tax adviser in the Kansas City area. I have 8 properties and now I need to work through some more complicated decisions and I am maxed out with my abilities and Tax Cut software.Things like1)...