Kade Hawkins
Spousal solo 401k salary deferral deposit deadlines
Spousal solo 401k salary deferral deposit deadlines - different than profit share deadline?I am the sole proprietor and my wife is my employee. As the sole proprietor I understand my deadlines for making my contribut...
Armon Phillips
Wisconsin wholesaling and foreclosure
What are all the stages of the "in rem" tax foreclosure process like for example 1st in rem, 2nd in rem, 3rd in rem,etc. What happens in those stages of foreclosure and my additional question is at what stage of the "...
Vik John
Rental loss in tax filing ?
Hello,
Can I include rental loss in my tax filing for last 3 months of 2023?
thanks
Darla N.
Using a DBA, filing joint taxes
My husband and I are in the process of closing on our first property in NY, and its a pure rental/investment property with existing tenants (3 unit multifamily).
We are purchasing under our own names, don't plan to ...
Leora A.
Schedule E Cheatsheet?
Does anyone have some sort of Schedule E cheatsheet for what items may fit under each category for tax purposes? For example, I purchased a new washer to replace a broken one, what category might that fall under? If a...
Bilson Wallace
In need of partnership/ mentorship
Hello,
I’m currently Active Duty Army stationed here in Fayetteville, NC. I have 1 long term rental and is very eager to continue my investment journey. I’ve done some research on my but is lacking the experience wh...
Ryan Faber
Cap Gain on Sale When Home is Partial Rental & Primary Residence
I'm selling my house and want to understand the tax implications on the sale, because I have lived in it as well as rented out a portion of it. I've been studying IRS publication 523 and I would like to get some input...
Ryan Keenan
Claiming improvements on your taxes
hello BP, question about doing my taxes this year.. I bought a duplex and took out a 20,000 loan to fix it up.. I would like to buy another property this year and need every penny of income to help show the bank to qu...
Justin R.
Best Banks For Working With RE investors W/out W2
About to start the dreaded process of working with a bank for a conforming loan. What banks have you worked with that offer conforming/jumbo loans (California) that understand RE investors income? I deal mostly with s...
Bill J.
Schedule E (Due Diligence)
How concerned would you be if a seller refuses to produce a schedule E upon request?We are almost ready to sign a contract which will kick off a 14-21 day due diligence period (Still debating) but the seller is alread...