Ray Slack
Question on paying property taxes in 2020 or waiting until 2021
Ok.. I have a Primary residence that I'm turning into a rental in 2021. I have not paid my property taxes for 2 years and now 2021 are due. They are about $9,000 per year. I owe $27,000 total. I'm thinking I shoul...
Patrick J.
Do you have to pay tax for states with reciprocal agreements?
If someone worked in California and moved to Arizona mid year, do they have to file and pay taxes in both states even if the states have reciprocal agreements? Thanks.
Semih Levi
Does an NYC property management company have to pay Sales Tax?
Hi, I'm a landlord fo townhouse in Brooklyn and I might decide to work with a property management companies. I got some quotes and each one says plus sales tax. I'm curious if a management company have to pay sales ta...
Salvatore Spano
How much do you pay in taxes on your rental income?
Hi everybody,
I would be very interested to know how much foreign investors pay in taxes on their rental income, using an LLC. I understand that this way you can elect to connect the income to the US company you have...
Roxanna Ordonez-Fresse
Is paying back taxes on someone else’s property a good idea
Hi, I have a question in regards to paying someone’s back taxes. The tax sale won’t take place until May 2021. Can I pay the back taxes and then file a lien against the property? I don’t want the property to go into t...
Kris Kahrs
Best way to avoid paying Capital Gains Tax on primary residence?
Hi All--my husband & I are in the process of selling our primary residence in Los Angeles. We have a lot of equity, we've been in it for 20 years in a trendy neighborhood. We bought the home for $230K. We may h...
Cathy Lippert
Pay Real Estate tax on to-be rental before Dec 31?
Hi, Forgive me if the answer was posted somewhere else (could not find it). My husband and I own 4 houses, one of which is our primary residence as of Sept 15, 2016. The one we moved out of is being prepared for ren...
Jason Smith
Must I pay Self Employment tax from doing part time RE
In the midst of doing taxes this year my CPA says she feels that I need to file as Self Employed because of the amount of time I spend doing RE. I only do this part time and have a full time earned income job. I fl...
Michael X.
Get properties and pay NO taxes by not recording the deed
This is an interesting article about a guy that buys rundown properties in Dayton, Ohio and pays no taxes on them. Eventually he hopes that the banks will just give him the properties instead of dealing with all the ...
Chase Burkett
Do you have to pay taxes on a cash out refi?
I am about to close on the refinance of my house. We bought it for 190k, did a massive amount of rehab ourselves, and just got appraisal today at 345k. After the 69k left in the loan for the 20% do I have to pay taxes...