From
FAMILY HANDYMAN
Lowest Property Tax Rate #2: Alabama
"With a median housing price of $142,700 and a property tax rate of just 0.41 percent, or $587 for that same house, Alabama ranks as one of the most af...
Hey BP! Given that it's tax season, I've been looking over strategies that I can use to reduce my tax burden. For those who rehab properties, how do you report your expenses? Can I write off my entire lumber bill a...
why does building a bigger house (than the typical size of the neighborhood homes) create a larger tax burden for the neighbors?
My partner and I are wanting to use our credit lines for personal expenses while working on our flips. This would do 2 things: 1. Ensure that we have some income while working on said projects. 2. Lower our total tax...
Hello. I have an individual that is opened to selling me their current duplex portfolio, consisting of around 7-10 duplexes. I was attempting to work with him on some sort of seller financing option as he would be o...
We(wife & I) are about to rent out our first property. I know there have been recent changes with the tax reform, so my question is whether I should go ahead and form an LLC, some other type of business entity, or...
Last year I had to sell half of a duplex. I met with my CPA, discussed the details and they estimated the taxes owed would be in the neighborhood of $10k. I just got my returns back and I ended up owning over $30k. My...
I understand that you can subtract from your tax burden on a rental property using depreciation. I also read that it's based on the house value only, not including the land. I am wondering how most people figur...
Has anyone done a cost segregation for a tax year?
I will have a 750k+ tax bill from a warehouse I sold and from one of my businesses I sold this year. I have not looked too much into a cost segregation, but I am won...
I am assisting a client in selling his home in Williamsburg Brooklyn. We have a number of questions regarding capital gains, what the NYC capital gains & state rate is, has the federal and state rates been raised....