Hey BP!
I have about $10k of self employment income for the tax year 2019.I want to have that income count towards my DTI for future BRRRR refi mortgages.If I make a large contribution from that self employment profi...
Starting your first or next business? This episode is for you. Today, we’re bringing you everything you need to know about small business taxes for beginners. Whether you’re a solo entrepreneur, partner, landlord, hou...
The builder wants to retain maximum sales price but together concessions are $27000. I understand all of the reason for them wanting to do that but do not wish to wind up on the wrong end of the stick.
What ways ca...
Hi. I found a buyer for my house in Brooklyn. I brought my house as a 2 family (2 gas meters, 2 electricity meters, and been paying tax for 2 family since brought in 2003). The buyer's title company found a CO from 19...
Hey BP,There is a motivated seller I am talking to who purchased the lot next door, torn down the house and then added an extension to their primary house. However, the seller isn't sure if the municipality knows abou...
We sold our Co-Op in 2016 for a profit of just shy of $100,000 in NY (Long Island) Are we responsible to pay capital gains tax on this? Didn't the Tax Relief Program in 1997 exempt homeowners from paying taxes up to...
Could someone explain the tax benefits a seller receives from providing seller financing compared to selling for cash and getting hit with capital gains tax.
Hi BP members,I want to use my 401K for REI. I looked into SDIRA but prefer to do a Roth conversion (pay taxes) and then invest in RE within the Roth. I am able to withdraw without penalty. Has any BP members done ...
Hello I was wondering that if I rent my first home out do I pay taxes on my income from rent ??and when people say calculate your total cost to find your cash flow . I see people saying remember to include your Insura...
I noticed a pattern when paying my taxes the last two years and it seems like I’m paying state income tax in two states from long term capital gains of stock sales.I live in CA (since 2013) and have a rental property ...