Mary Jay
Depreciation Calculations-please help to figure it out
Hey guys,
I feel like Ive always struggled with depreciation concept...
So, Ive been googling it, and here is what I found:
Let’s say you buy a single-family home for $200,000. The tax assessor’s estimate of the la...
Yuliany W.
Withdrawing funds out of a 401(k)
Hi all,
How do you withdraw the money in your current employer's 401(k)? I don't have a financial hardship, and I don't want to take out a 401(k) loan. Is this possible at all?
I know there are penalties for withdra...
Karen F.
Hold or sell my rental?
Hi!
I invest in a pretty low appreciation/stable market (Pittsburgh), but my preferred investment neighborhood is doing quite well for the past few years (say avg. appreciation about 5%.) My strategy is buy l...
Chris Gallick
How much $ can I expect after claiming renovations?
Hello BP! I'm seeking input from a CPA or tax professional that might be able to help me regarding claiming expenses on an investment property. I'd like to know how much I can expect to receive back from taxes after c...
Donald D Michna
Capital gains taxes after retirement
I was speaking to someone about there rental property and they mentioned that if they sell one of their rental properties after they retire or have of income of less than $33k a year that they do not have to pay capit...
Nick Weidner
Borrow from 401k for down payment
I was looking to barrow $25K from my 401K. Talking with a co-worker our 401K allows us to borrow up to 50% up to a certain dollar limit at 4.45%. I was going to pull the $25K over 36 months paying $371 bi-monthl...
Christian Scully
Providence Owner Occupancy
Hey Providence folks, I'm wondering if 2nd homes are considered owner occupied?
Andrew Hargreave
New to REI from far South-West Chicago Suburbs.
Hello all! Just getting started to REI late in life (well...late relative to my young teen-20's). Like many I've read about already, REI was something I never payed attention to throughout life other than thinking ...
Brandon Nelson
Non-1031 Tax Shelter?
Investor in her mid 70's has a rental house. It's been a rental for 10 years and she's never lived in it. Her basis is $170K and its market value is $300K. She does not want to invest in more real estate. She wants to...
Sean Murphy
Capital Gains on index Funds
I understand when you sell index funds, as long as you hold your fund for a year or longer, the tax rate is long-term capital gains.My question: When I continually buy shares of VTI (Vanguard ETF) on a monthly basis, ...