I just found out that by July 1st, 2019 it's mandatory to collect sales/occupancy tax for STR in Indiana.It's unclear to me if there are two taxes - sales tax (state) and EXTRA occupancy/hotel tax for each county. My ...

So we entered a contract to purchase a house paid rent on it for 2 yrs with option to purchase had to purchase December 2019 and since June we have emailed texted and called about doing purchase was needing payoff amo...

A new Rental Registry for all rental property in Metro Louisville is now up and running online following the passage of an ordinance in September by the Louisville Metro Council. Effective March 1, 2017, all property ...

Should you even bother?
Your first question might be – why should I? Well, three top reasons come to mind:It will allow you to deduct their earnings on your own tax return.It is required by law for any person to whom...

Do I need to send a 1099 to my property manager if they are organized as an LLC? Of course, I will get a 1099 from THEM for the rent proceeds but do they get one from ME for the management fees?

when looking at real estate websites, oftentimes I see "offers due by" some date
for example "offers due by may 12"
what does this deadline mean? I didn't realize I am back in high school?
so what happens if proper...

The recently released update extension not only delays the tax filing deadline to October 16, 2023, it could also extend your 1031 Exchange deadlines until October 16, 2023 as well!
For example: Typically, if you wer...

Hi Everyone,Thanks so much for your input in advance, as I'm a bit over my skis on a property that is currently under contract. Let me first provide a little context on where we are at with the deal and the overall co...

I just started RE investing around Oct and we want to make sure we get our taxes done and as well as all our education expenses. Need a trustworthy CPA who knows CA taxes any recommendations? We didn't make any profit...