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Results (393)
Adrian Laney Tax tips no labor receipts from contractors any advice on filling
9 April 2019 | 22 replies

Didn't 1099 any of my contractors so I have no labors receipts now that it's tax time any suggestions 

Kyle Varga Bank statement loans
22 October 2021 | 4 replies

Helping someone buy a primary residence with 25% down in San Antonio. Great credit. Self employed tax returns don’t show true income. 
Can anyone help? We are already under contract and need someone asap. 

Damon Oliver Lease Option and Wholesale Closing in Pa
9 July 2018 | 2 replies

Hello! BP is amazing and I'm educating myself as much as I can. I'm interested in lease option and wholesaling. I've never done either but want to. My question is in Pa you need an attorney to close deals (unless I'm ...

Mario Morales Do I live in my rental property or not-tax benefits
27 November 2023 | 3 replies

Hello all, once again asking for someone to shovel me out of the....I am starting to get things ready for tax season and I was asked "Did you live in any of your rental properties during 2023? If so, which one(s) and ...

David Pimenov Offshore trust anonymity
12 May 2023 | 4 replies

Under what circumstances can a u.s. citizen have an offshore trust where the govt cant tax money on the funds inside the trust and at the same time cant look into the origin of such funds as long as a foreign citizen ...

Paige Simpson Capital Gains tax computation
8 June 2021 | 0 replies

I will be selling some land that I own and am having trouble understanding the tax that will be due. I entered the figures into 2020 tax software but the amount due does not match my understanding of tax computation. ...

Robert Lee Are there and penalties for selling a house BELOW market value?
13 July 2017 | 4 replies

Hey there,Say I have a property worth $100k. I want to sell it to a relative/friend/anyone for $50k. Will either I (seller) or the new owner (buyer) incur any taxes/penalties? In an ideal world, I feel like I shoul...

Justin Denham Income shifting to kids
12 March 2018 | 16 replies

I asked my CPA about shifting $6,300 to each of my kids on my tax return for the work they did in my business. He told me I would have to 1099 them. Is that correct?

Jeremy Fields Filing second year return for partnership - first year missed
24 March 2017 | 9 replies

My partner and I formed an LLC in 2015 and purchased a rental home. This is our only investment property and the sole reason for the LLC. In 2015 we did not issue a K1 and there was no return filed for the LLC. We fil...

Cam Kopley Fix and Flip Personal Labor Repairs - Can you claim them for tax?
27 June 2018 | 5 replies

I found a deal for a fix and flip.  I am wanting to do 90% of the work myself to save reno costs.  For capital gains taxes, how can I charge my personal time to the cost for renovation?Ex.  ARV - $161kReno-$16k (if co...