Can You Deduct Payments Paid on a Principal Only Note?

Situation; Elderly Seller bought their Triplex home for
around $350K Many Many Years ago. She lives in One unit and rents out
the other two Un...

Before getting hit with a tax lien or back taxes in a property at the closing table.....Is there a way to find out before hand? I suppose you would ask the owner and hope they know. Thanks!

I have received conflicting information and would like some BP input. I have been told that you can carry a loss back two years on an amended Federal 1040 and recover previously paid tax, but the same loss on your Cal...

Hi Guys! thanks for stopping by :)I'm here to learn from Y'all and seek some advice!I currently live in SD CA, learning the local RE market, but regardless. I am interested in investing in TX/NYC/NJ and leverage the V...

Quick legal question. I was negotiating an owner finance deal today, and seller stated that he was advised that he is unable to give a 0% interest on the finance terms unless it was to "a family member". Is there any ...

I amended my 2010 federal return for a incorrect Form 4562 item this past week. Would it be ok to file my 2011 federal return now, or do I have to wait until the IRS approves the amended return. Im pretty sure that ...

Hey there, I was just wondering, what are the total tax rates including self employment and all other taxes in NC on house flips? Thanks

Hello, all.. I've recently requested the tax delinquent list from the tax collector's office of my city and were sent two lists.. One being the 'City Liens' list and the 'Outside Liens' list.. my question would be, wh...

The LLC did not purchase any properties but did incur expenses. Do I need to file the entity separately from my personal filing?

I'd been working on this article for a couple of weeks, but given the economic announcement VP Harris made last Friday, the timing couldn't have been better. I wanted to know if the president has any legitimate levers...