Baahir Starkey
Trying to understand Duplex tax laws ...
If you own a duplex , do you get taxed for each unit you have, since you technically have 2 different residents with different electric and water bill. I’ve have been asking but know can give me an exact answer .
Jennifer Van vlymen
What are Tax law on HELOC
I live in California and want to pull out a HELOC to buy rental property what are the downsides of doing so as far as what will I be taxed on and a percentage rate for that
Cherie Liverman
Urgent FL Homestead Law Tax Problem
I bought my 1st home in FL. in June of 2008. It was homesteaded in 2009. I got married in 2010. In 2016, I turned my home into a rental property, at which point I notified the city that the home was rented to remove t...
Martin Saenz
Note Investing - US Tax Law changes
Regarding the US Tax Bill being signed into law today, what does a reduction in the corporate tax rate from 35% to 21% mean to you AND/OR what does the capped 10k towards state/local/property tax deductions mean for y...
Account Closed
Ohio's Property Tax Law Update - 2017
To anyone owning, developing, managing and buying/selling property in Ohio - The laws within the real property tax field are constantly changing. In fact, in 2017 alone, there were 25 Ohio Supreme Court decisions. Sho...
Robert Andrade
Massachusetts tax laws re: House Hacking
Can someone, familiar with Massachusetts tax codes, answer a question for me please? I have heard that if you buy a multi and live in one of the units, or for that matter any property you plan to live in, that you mus...
Anthony Conte
New Tax law - LLC Rental Income
With the new tax law, net income that is received via a pass through entity is allowed to have a 20% tax deduction. Essentially 20% of the rental’s net income is tax free.Most owners have mortgages on their property ...
Moises Ulloa
Appellate Division overruled foreclosure tax law
Hi All! I’m in the process of closing on a property in NJ which is being sold by another investor who got it through a tax lien foreclosure. During the process I recently learned that the title company working on my c...
Amardeep G.
Sole proprietorship & New tax law
Hi all, My understanding of the new tax law is that it gives a 20% across the board deduction to landlords who are running their business as a recognized passthrough entity (LLC, sole proprietorship, etc.). I have n...
Tom Mitchell
Implications of the new tax law
Wondering about the implications of the new tax law. First, since mortgage interest and property taxes now have limited deductibility, would it make more sense to incorporate, even in a pass thru, to retain that dedu...