Yourri-Samuel Dessureault
How is the interest gains from seller financing taxed?
I am wondering if the interest from a seller financed property is taxed as your income rate or as some sort of capital gains since it is result of the property sale?
Brandon Yuan
Seller Tax Return Filing for the property in Due Diligence?
In commercial deals (apartment/storage, etc), Do you require Seller to provide tax return filing for the property as part of your due diligence document? And how realistic is it for Seller to be willing to provide it?...
Account Closed
Property sitting
If a property has been uninhabited for 5-6 years because we were waiting for the housing market to go back up before selling, is this property considered to be for investment in which case it would qualify for a 1031 ...
Dan Graney
Keeping track of expenses as a new business
I know that I want to move forward and become a real estate investor. I am buying some books, accounting software and incurring some legitimate business expenses like mileage as I look at potential properties.What is...
Russell Ferance
sale of rental property
I have owned my rental property for 22 years and recently sold it. I'm doing my taxes and realize that I need to calculate my depreciation over those 22 years. However I don't have my tax records that go back that fa...
Amaury Rodriguez
$3,600 for Tax advice and preparation
I was quoted $3,600 for tax preparation and advice. I own three properties, one duplex, two single families, plus regular W2 income. Properties are located in PA, I live in NY. This seems steep, and I doubt there's so...
Mathew Zorn
Owning a rental and tax write offs
This last November marks one year of being a land lord. What I need help with is what can I write off for my taxes outside of the normal office space write off, portion of the utilities, gas mileage, computer write of...
David S.
Loan Stratgey with New Tax Plan
I will be purchasing my first SF rental property. My primary home is debt free, I have no loans whatsoever, have a good net worth. I plan to take out a mortgage because I don't want to sell any equities and mortgage...
John M.
tax bill impact on investment properties
seems under new tax bill..you cannot deduct investment property's mortgage interest from your tax bill. Only primary residence mortgage interest can be deducted. And no interest deduction for equity loan.https://www.f...
Jasmine Benford
Rental Investing & Taxes
I haven't read the tax strategy book on BP and intend to very soon. I am looking for recommendations on the best way to explain to a family member how he would file taxes on a second property, if he already has a prim...