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Results (10000)
Alan Williams SoloK: Allowable Deductions & Adjusted Cost Basis
23 April 2023 | 2 replies

A multi-part question answers or insights to which are much-appreciated ...Part 1: Deductibility of ExpensesAre ANY typically-allowable [write-off] expenses and/or capitalized/amortized expenses in a taxable context (...

Michael Puwal Can someone explain the Buy, borrow die concept.
30 December 2024 | 7 replies

Can someone explain something about the buy, borrow, die concept of avoiding income taxes?  I understand that you don't pay taxes on borrowed money.   What do you do with the profits from the company to avoid income t...

Cherie Hampton Conventional Lenders Don't Like House Hacking Strategy
31 December 2020 | 9 replies

Merry Christmas and Happy New Year BP Family! Has any house hackers run into issues getting a conventional loan for a new/primary residence due to taking a loss on prior years tax filing on multiunit? Otherwise consid...

Lee Davis Tax deductions on vacation vs long term?
13 April 2017 | 2 replies

I'm curious what differences there are in accumulated depreciation deductions in vacation rentals from long-term. Can you depreciate the value of the appliances and furnishings typically?  Do you find overall that the...

Ryan U. living off rental income
19 January 2019 | 38 replies

I would like to know how many people here are living off rental income. The ability to quit your 9 to 5 job and manage properties sounds interesting! If you're doing this, please include how many rentals you current...

Stephen Nava What is considered debt?
20 August 2017 | 13 replies

If my primary home is free and clear, are the home insurance and property tax considered debt? There is no escrow account and it does not show up on my credit. 

Bryan Petrinec Seller Financing Tax Implications for Seller
4 February 2019 | 2 replies

How is income from a seller-financed property treated from a tax perspective?  I am considering selling a property that has no mortgage on it through seller financing.  I know that if I were to sell it through a stand...

Scott Trench Are you Pro or Against 401(k)?
2 May 2017 | 197 replies

A recent article that I wrote on the BP blog received some criticism because I suggest that a 401(k) is one of the best ways to increase your net worth.This strategy was criticized by a couple of readers and I thought...

Gene Jung Mortgage recasting ...when to do
25 December 2024 | 5 replies

Hi,Assume there is no cost for mortgage requesting for my lender. Assume my marginal income tax bracket is very high, and mortgage rate is 5.25%. If I have lump-sum free cash, should I just apply it to my mortgage to ...