Mike Stiffler
Non-resident landlord - pay state income tax twice on stock sale
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 ...
David Soest
Will I have to pay a big tax after a sale?
I bought a house, owner finance for 40K last year.I've been living in the house and redoing it with my own money. I hope to sell it soon for 100K. I'll need to pay off the owner finance so I hope to walk out with 60K....
David Jesse
Do I pay income tax on rent income paid towards mortgage?
Hello EveryoneI am considering buying a house in California which has a guest house suitable for one person to live in. I may live in the guest house and rent out the main house or vice versa. Do I pay income tax on t...
Brent Roberts
Paying transfer tax twice when xfering into an LLC at closing
HiMy partners and I are looking at an investment property that has a 4% xfer tax to be split by the buyer and seller. We are going to do a quit claim deed and move the property to a LLC after close (aware of DOS cl...
Brent Roberts
Paying transfer tax twice when xfering into an LLC at closing
HiMy partners and I are looking at an investment property that has a 4% xfer tax to be split by the buyer and seller. We are going to do a quit claim deed and move the property to a LLC after close (aware of DOS cl...
Sandy J.
Property management co paid RE taxes late, should they pay fees?
Our property management company paid the real estate taxes for the properties they manage for us late, resulting in significant late fees. Are they legally responsible to reimburse us for fees? We are in Virginia; so ...
Michelle G.
With new tax changes should I pay off my primary mortgage
Hello,I wanted some advice. In the past I had always made extra principle payments on my rental properties and not on my primary as the mortgage deduction was beneficial. This year I am thinking that since I can sti...
Matthew Holland
Tax Lien Foreclosure - Owner didn't pay for 3+ years... now what?
Hi BP Community,I started buying tax liens 3-4 years ago in a few different counties. One of the tax liens that I purchased 3 years ago in Pinal county (AZ) had a 3 year redemption period and is now on the foreclosur...
Brad Swearingen
Wholesalers: do you pay quarterly taxes or wait til they're due?
Hey Wholesalers,
I am finishing up this year's taxes and TurboTax is asking if I want to estimate quarterly tax payments. I have never done quarterly tax payments. However, I have a full time w-2 job and then I who...
Jessica Singh
1031 from a jointly owned property. One pays tax, one 1031
Asking for a friend.
Rental property bought as husband-wife. Title: held together as a married couple. Now going through a divorce, wife wishes to do 1031 on her share (50-50). Since IRS rule is that tax id of proper...