Tyler R.
Trying to avoid paying heavy capital gains taxes all at once!
Do you have a positive solution for the below situation?
Someone is wanting to pay off a commercial building early that I financed, because they are selling the building. This person is willing to work with me to co...
Natalie Schanne
Tax Accounting for Joint Venture on a Flip - Paying His Invoices?
@Brandon Hall @Natalie Kolodij @Linda Weygant CPA <3 What's the best way to account for business expense deductions during a joint venture flip? I have read websites like http://www.double-entry-bookkeepin...
William Coet
Does This Lease Clause Mean That The Tenant Pays The Taxes?
The lease is for commercial use by a medical tenant. I'm trying to determine if it implies that the tenant pays the property taxes. "Additional Rent: During the term of this lease, tenant shall pay landlord, in month...
Robert Fountain
Seller sued title company for tax $$. Company wants me to pay.
Hi Everyone I'm looking for some advice on what I need to do regarding this issue:I bought a rental property on August 7, 2017. Today I received a call from my title company stating that the sellers hired an attorne...
Karen Bidwell Hinz
Tax implications o self directed IRA to pay off existing debt
I have a self-directed IRA with about $120,000 in it. Unfortunately I also have about 110-130 thousand dollars worth of unsecured debt via credit cards. Just wondering what the tax implications would be if I use the w...
Charlotte Edwards
How and When do you pay property taxes in Winnebago Co
So I've never lived in the USA as an adult; I went abroad after college (lived in dorm and with my parents) so in buying a house in Rockford, I learned that I'm not up to speed on things like property taxes among othe...
John Nisewonger
Tax question on a flip - Paying cash for materials and workers
Getting ready to close on a house I plan on rehabbing/flipping. I am finding a lot of materials and appliances for sale on craigslist that are waaaayyyy cheaper than buying from lower, HD etc. I also found a group o...
Joe Szymczak II
Pay capital gains tax after using my house as a rental?
Hello BP community! I have owned my house for over 8 years now and it has appreciated a good amount. I know that if I were to sell it outright I WOULD NOT have to pay capital gains taxes on it. However.... I would ...
Charlie Moore
Do I pay taxes on flips? YES OR NO!?! SHOOT STRAIGHT!!
Do I pay taxes on flips What do I do
Jeremy S.
Tax deductions for paying a handy man or buying used appliances?
if I pay my brother or young cousins $10/hr for demo or cleaning work, can I write that off the same way I would for any other contractor?
How about if I were to replace a range hood or other appliance with o...