Are non refundable pet deposit taxable income for my rental properties?
I'm looking to purchase a duplex in Columbia, but I'm concerned about the property taxes. Are the properties taxes based solely on the sale price? Here are the numbers:Sale Price $435,0002019 Property Taxes $5108.42Be...
I need assistant or advise on the feasibility of one of my crazy ideas. Or what seems crazy to me.
Is it legal to create a 501c3 organization to buy investment properties and rent them out at fair market value?
Ess...
Hi, I'm currently working on my 2014 taxes. This 2014 taxes will be the most complicated one by far, with itemizing RE expenses, etc. I do have an EA doing it, so I'm just trying to plan for 2015, as I plan to purchas...
I am told that when investing in crowdfunding equity investments, you are issued a K1 document at the end of the year for taxes.What are the tax implications when investing with taxable money vs money from a SDIRA?Are...
Hello - I did a 1031 exchange of my single family rental property (the Title was under my personal name) to a multi-family property a couple of years ago and the multi-family property was Titled under a single member ...
A CPA (in prior year) told me that if my rental property has avg rental period LESS than 7 days than my losses can be treated as "NON passive" on form 1065. in this case they go on page 1 of the 1065 and I do NOT comp...
Quick question for a savvy CPA:
If I own property in a state like Indiana or Tennessee with an LLC formed in FL, am I liable for state income tax in Indiana or Tennessee for the income generated through renting the p...
I have a Roth IRA that has been in place over five years, so the gains and the principal can be withdrawn without tax consequences -other than reporting. The account isn't large enough to finance a flip itself, but th...
A multi-part question answers or insights to which are much-appreciated ...Part 1: Deductibility of ExpensesAre ANY typically-allowable [write-off] expenses and/or capitalized/amortized expenses in a taxable context (...