Tony R Fox
Developing Streams of Income
Hey Guys. I just graduated from college with a degree in Engineering Physics. I am 22 years old and a manufacturing engineer for a growing company in Connecticut.
I would love to create 8 streams of income. I have n...
Mark S.
1099 Needed for Rental Properties
There seems to be some conflicting information online regarding when 1099 forms are required for small landlords (see link below). Does anyone have a definitive answer on this? Would I need to issue a 1099 form to my ...
William Allen
10 Strategies to Slash Your Taxes this Year
10 Strategies to Slash Your Taxes this YearIf you have ever experienced being ‘caught out’ on your taxes and owing a huge amount, you know you don’t want to repeat that mistake again. We have gathered a few strategies...
Mary Ann Hall
Bought out co-owners of inherited property...will we owe tax?
My mother-in-law passed away in December leaving her home to her four children. To help reduce the family drama my husband and I bought his three sibling's shares in March. We are making repairs so that a nephew can q...
Peter Morgan
Redeploying 500k equity vs Low 500k mortgage rate
Hello,Since both refinancing and HELOC are both expensive at this time. What would you advise to someone who has 500k equity (post taxes and fees) and 500k with a low interest rate of 2.5?Is it possible to redeploy 50...
Richard Warren
Fed Cuts Rate by 1/2%
As expected, the Fed announce a 1/2% rate cut in the Fed Funds rate to 1%.
:cool:
Peter Mikhjian
Rental Property Sale + 6 Figure Capital Gain = Huge Tax Liability
I've got a good/bad tax problem and I'm looking for some advice:My wife and I bought a rental property in 2015 for $275k (no LLC, purchased directly in our name, so technically a partnership). We put about $25k into ...
Christopher Perez
How Real Estate Affects the Bottom Line for Small Businesses
Perhaps the most striking feature about the money made by homeowners from their house was how little of it was intentional. For many, their mortgage payment was simply a substitute for their monthly rent payment. But ...
Jennie Chen
2 properties went into 1031 exchange, basis for leftover fund
I sold 2 properties going into a 1031 exchange. it looks like i might have some leftover funds that will be unused and taxed on capital gain. my questions are:1) do i have a choice which property's proceed that exces...
Linh Lynne
How to handle passive loss on rental properties
Hi-
I have been doing my own taxes and the last few years, I have noticed that none of my passive loss on rental properties can be deducted from my tax because I am not a real estate professional base on the IRS ru...