In 2022 I participated in a hard money loan and terms were for a year. I received a 1099nec in 2023 with the amount lended plus interest. How do I go about only reporting the interest earned instead of the entire amou...

I'm about to hopefully start my future with flipping houses. I recently quit my job and want to use my retirement to start. It is not alot about 30k and will need all of it plus my savings  to do it. I've read alot of...

Hello everyone. I am in a state that lets the buyer's agent give a rebate to the buyer. In fact, most buyers' agents will advertise this because there is so much competition.I found a house from a builder 6 months ago...

What are the tax implications for the seller of a seller financed property in which the seller purchased, remodeled and sold it on terms?Hypothetical transaction with easy numbers:1) Seller acquires property for $100K...

I have two rentals along with primary residence. Now the rental income is increasing my tax burden as an income. Any strategies i can use to reduce this rental income? Should buying another property would help? Any po...

If I have rentals in Washington State (State Tax Free) and live in a state like Hawaii or California with a State tax, do I need to pay state tax? How will it work?

I’m a long-term Bitcoin investor looking to purchase a new primary residence. Since I have no demonstrable income, and don’t want to liquidate my holdings due to tax implications, I was planning on getting a Bitcoin-b...

I keep hearing that while you should be cash flowing positively, you should be showing a loss on taxes for your rentals. I've deducted every repair, interest, tax, insurance, depreciation, etc. that I have put into th...

I just started wholesaling, I haven’t landed a deal yet. However, I do have a few offers I’m waiting to hear back on. In the mean time I want to know how does taxes work for wholesalers. If I make $20k from a deal how...