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Hi everyone, wasn't sure where to post this question so I put it in here.
I have a neighbor whose mother was just recently hospitalized for a broken hip at age 90. She is rehabbing now and doing pretty good. This i...
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I'm considering purchasing a home for my mother to live in, since she is currently renting and unable to purchase a home for herself. I will charge her fair market rent, but I want to make sure that I am able to claim...
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Hello, I'm sure this has been discussed before but I haven't been able to find the answer to my exact question so here goes:It has been suggested to me that setting up a LLC to do property management (sign leas...
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What is the tax rate -income tax- for renting property? Is there a State and Federal income tax? I know some states don't charge income tax on rentals, but you still have to pay the Federal income tax?Can you get a be...
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Hello,
My mom received a house through an inheritance last year. She now wants to transfer that house to me as a gift.
What kind of tax issues should I be concerned with in terms of receiving such a gift. The ho...
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Do anyone know how long you can own a property without paying too much capital gains?
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Hey guys,Im trying to get an idea of how much a rental property could help with offsetting income taxes. Im looking for a SFH here in SoCal to rent out long term. The purchase price is 250,000 and the rental income is...
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Hi all,Can anyone provide some guidance on how income from private lending is typically taxed? My understanding is that if I'm NOT considered in the business of loaning money, then the income is considered interest in...
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Do you have to issue a w2 to a child employee that makes under $12,000??
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As time is winding down and its getting closer to me receiving my license I see myself analyzing what other agents seem to be doing right and wrong(in my eyes) regarding marketing.
I know the quick and easy answer w...