If I live in CA and earn income from AZ (re sale or rent income, note sale or interest income) do I pay CA or AZ state taxes? Does it make a difference if assets are owned in an entity?
Is an out of state private money lender taxed twice on the interest income? If so, what are some ways around that. I have someone who is interested in investing in one of my projects who lives in Illinois and I am in...
I am wondering if I can go directly to property management companies and buy HOA liens? . I've been reading that many investors buy the liens and rent out until the bank forecloses. Has anyone ever done this? The way ...
Hello,I have been doing a lot of reading on the forum about the solo401k. It seems the entity only files the Federal form 5500 or 5500EZ if the value of the solo401k is over 250,000. What about a state return? If the ...
Hello BP,I have a prospective tenant that have applied and their insurance company will be paying the rent since their home had a fire. I have received a W9 form from the insurance to fill out. Is that normal ?Thanks!
Just wanted to compare CPA fee. Please post what your CPA charges in fees. Thanks
Hello BP members!thank you in advance for any feedback!I'm financing a property through an FHA loan as a first time home buyer. I was informed about a Florida Mortgage Credit Program I would qualify for as long as I ...
A trillion here, a trillion there…pretty soon you’re talking real money.
Check out this article from CNN-Money about the cumulative bailouts so far. With Obama’s proposed $800 billion stimulus package you are ...
For those that own farms or ranches, there are many tax credits available. I’ve summarized that top 10 below.
5G Wireless Farm Program Income: As cellular companies are trying to expand their 5G network, this is a ...
we are selling a property (rental for past 7 years) and need some guidance on how to calculate Capital gain and depreciation. Property was purchased for 210.000+closing costs (about 3.000) in 2001. In 2011 it was conv...