Hello,
I flipped a home under my LLC over the past 5 months. I then took proceeds/profit made from the flip and invested it into another flip home. Would this qualify for a 1031 exchange and is there anything I shoul...

I know TN has no state tax.Is there any requirement to file a TN return on a STR? I live in SC.Wyoming LLC owns a TN land trust that owns the cabin.My CPA asked me and said sometimes a state return is filed, but I jus...

I am considering a 1031 Exchange when we decide to "move up" in home in the future. If we 1031 Exchange and end up staying in the home a paying off the mortgage are the deferred taxes due the day you pay off the prope...

Hi All,I bought a 3 bed 2 bath condo about 3-4yrs ago. Purchase price was $125K (short-sale). It rents for $1500-1600/month.My tenant will be moving out next month and I can't decide if I should sell or keep it. The m...

I havent had a w-2 in years.. i started a cleanin business (under the table 😬) maybe 10 yrs ago. All i do is work. I also have a side hustle doing couponing and reselling. That grew to be too much and recently havent ...

I am just completing a short plat subdivision on a rental that I owned. The land had existing home that has been rented. My plan is to build new homes on the new lots possibly for rental but in future sale as well.i a...

Hello,Would I be double-taxed on income tax if I invest in Indiana as a CA resident? Does this happen at all (in any state-to-state taxing), or are there always credits (i.e., paying Income Tax in only one state)?

WOULD REPORTING 15, 000 MILES IN TAXES LOWER MY NET INCOME TO A POINT WHERE I DONT QUALIFY FOR THE SAME LOAN AS IF I HADNT REPORTED THE 15,0OO MILES?