At what point is it determined, in the eyes of the IRS, how to tax a flip? For example, if we buy a property with or without the intent of renting it out, and after rehab we place a tenant in the unit, can we sell it ...

I am looking for help with shareholder basis for s corp with 50-50 shareholders2019 basis schedules filed by prior CPA - She is not willing to share the shareholders basis (unprofessional)2020- Basis is at 180k for sh...

So, following the near unanimous advice of everything I could find, because I have well over 10k in state and local taxes (and will likely opt for the standard deduction under the new tax bill), I went down to the Cit...

Hi, I am using Turbo tax to file K1 form, the NC state tax is filed as non-resident alien. I had a passive loss form the syndication, I am not sure whether I should input 0 or the actual loss number in D-400 Schedule ...

Evening all,I closed an escrow on a duplex in Whittier about a month ago. Friends have warned me that property tax is one of the big annual expenses that cannot be overlooked, so I'd like to be prepared.I called LA co...

I've searched about this but am getting conflicting info or maybe just misunderstanding what I read.
Two months ago I sold my primary residence in Houston, Texas. Profit was about $100k. 
I file taxes as single.
QU...

I' interested in purchasing property in DeKalb and Fulton County. I recently was pretty close to purchasing a property in Kirkwood for $38,000 that the seller paid $4600 for at a tax deed auction. I know you have t...

Texas Statute of Limitations (SOL) Related to Title of Real Property
While not exhaustive, below is a list of liens and judgments along with the Texas Statute of Limitations that may be filed or found in the real pro...

My parents used to live in their home, which was bought in 2009. They moved out and started using it as a rental property in June 2016. This is the first year I am doing taxes for this property. Prior years were done ...

I loaned  money to someone that has a property that is going to upset sale in Pennsylvania his property currently has no mortgage.  If I get that person to sign a mortgage against the property before it goes to tax sa...