Hello everybody, Does anyone know a CPA / tax preparer that they could recommend that is investor friendly and knowledge in the Lexington, SC area?Thank you, Jewel
Hi Everybody. Great news I closed on my first single family house. We hope to get the renovations started up next week. The question is I live in NY and the property is in Baltimore, for tax purposes is it better to o...
If you are a resident of California, and own property that produces rental income in another state, do you pay CA income tax on that income, or only income tax on the state in which the property is located?
So I was reading an article where they were saying that money received from rental properties for example is considered passive income. My question is, if I have an LLC which I want to own my rental properties and th...
I know that expenses on a rental property can be deducted from my taxable income, but what if I quit my 9-5 one day and invest full time? Can I deduct from my cash flow income this way?
Hey good people,I'm interested in house hacking a 3 bedroom home. Most of the deals that I've analyzed would have me break even or contribute $200 or less towards the mortgage each month.I am wondering how this would ...
I know there are 8 states that doesn’t pay income taxes. Let’s tax Florida for example, as an out of state investor, how does that benefit me?
I’m 22 just bought my first property this past April and it isn’t the most fantastic purchase thus far. I’ve only made roughly $700 thus far including equity gain in the property. I do not live in this property and wh...
Hello,Does anyone know how much is the rental income tax in Dakota County, MN. I know it may vary by city, I just need a ball park percentage. I asked the city but they were of no help.Thank you.
Just generally speaking how much in taxes would someone living in houston, tx have to pay uncle sam if they have about 100 million usd deposited in a chase bank account even if its not for the purpose of accruing inte...