Scott Johnson
Break Even Formula Validity?
Hey, everyone! I learned about a formula today that I'm trying to wrap my head around. It calculates the percentage return one would need in order to confirm an investment is "moving ahead" as opposed to tracking behi...
Justin Lenk
Losing a Potential Deal - Seller Worried About Capital Gains Tax
I have a deal that I've been working with the sellers on and their accountant just informed them on the capital gains tax since the rental is in their parents living trust, they said they are no longer interested and ...
Carson Wilcox
First flip... tax best practices....?
So... first flip is in construction phase... I hope to have some good profit at the end..For all of you tax geniuses.. I am looking for the idiots guide to taxes on your first flip. I am not to the point of LLC and ...
Julio Gonzalez
Top 9 Agriculture and Farming Tax Credits!
Agriculture is an industry that has many tax benefits available to those who invest or own/operate farms and ranches. Here are what I would consider to be 9 of the top tax credits available.
Cost Segregation Study:...
PJ O'Connor
Seller owes back taxes - is there any relief for buyer?
I put an offer on a short sale. 391K offer, comps are over 600k. House needs approx. 100k in upgrades. Offer was accepted, sellers bank approved. However, the seller did not disclose to the bank that he owes 27k in ba...
Thomas Hatley
LLC as Opportunity Fund - Pros and Cons ?
Hi All,Back in February of this year, I purchased a rental home in an Opportunity Zone. I had been reading about Opportunity Zones at the time and understood that they would drive investment into the area and create ...
Loren Perez
Best way to structure Tax/Real Estate rentals business
Hello. I am looking for someone that knows Georgia and federal tax laws, incentives, opportunities and everything else on how I should structure my rental proprieties. I have 3 properties and a 4th that is Attached to...
Edna Terry
Buying Subject to with a person who has ta liens
Good day beautiful investors, I have a situation where the owner of a condo has rented to a tenant & the owner moved to FL. Only to find that the IRS came to the house serving a Tax Warrant on the owner. The tot...
Dominique Taylor
CPA Needed for withdrawing from Retirement Plan advice/help
Hi
I'm looking to withdraw funds from a past employer retirement plan using the homebuyer exception. Any recommendations for CPAs that are familiar with this process? Recommendations, advice and suggestions are appr...
Matt N.
Taxes on Rental Properties & Cash Out Refi to Pay
Hi! For rental properties, are taxes paid (outside of property taxes) deductible? What about estimated income taxes sourced from rental income? Let's say I make $10,000 in one year from rental property. I then pay:- $...