Champ Leong
How do I pay myself and use it as a tax deduction?
If I want to pay myself for managing the room I rent out, mowing the lawn etc am I able to use this as a tax deduction against my rental income?
Jason Williams
Cook island trust pay capital gains tax on US real estate sold?
Curious about tax benefits, if any, with a Cook island trust. If the trust sells a property in the US, is it subject to the same capital gains as a US resident or US trust?
Ali Amir
Legal advice needed on how foreigner can avoid paying 30% witholding tax
Hello
As you would have guessed by the subject, I am not a US citizen. I would like to invest in the RE sector of the US economy but all the research that I have read on the internet points to foreigners payi...
James Black
Will I have to pay capital gains tax on sale of property?
Hello everyone. I am about to sell a rental property that will result in 50k-75k in profit. The question I have, which I haven't been able to find a clear answer on, is will I have to pay the 15% tax on gains or 0%. M...
Will F.
How to pay less taxes? 1 silent funding-1 active proj manager
Hi. I understand with flipping you have to pay ordinary income taxes on the profit.Could anyone explain how taxes would be for a partnership, in which profits would be divided 50-50 in the following scenario: ==one pa...
Shalece Gilliam
can i offer to pay someone taxes in trade of their home?
I have found a few run-down vacant homes; the owners owe a few years in taxes. could i offer to pay the taxes for them in exchange of the house? would that be a different type of contract from the typical wholesale?
Mylie Na
Do I need to pay self-employment tax on my rental income
Hey, I and my husband both are w2 wage earners. We formed an LLC and have 3 properties under that LLC and earning rental income
My question, do we need to pay a self-employment tax on the rental income? We pay SS and...
Diana Fernandez
Pay cash or 20% down on a loan for tax purposes; 90kMFU
Hi newbie here,This will be our first out of state Multi Family unit purchase. It’s located in Texas off market and going for 90k. I was considering paying it cash or 20% down and carrying a mortgage for tax purposes...
Fahadbin Alam
How do I pay the bills,taxes, and insurance of a property?
Hello Biggerpockets community I know this may be some stupid questions, but I feel like these basic questions will help me a lot.
1. Who do I pay the water/sewer bill to? Is the city? How can I give it to them?
2. H...
Fahadbin Alam
How do I pay the bills,taxes, and insurance of a property?
Hello Biggerpockets community I know this may be some stupid questions, but I feel like these basic questions will help me a lot.
1. Who do I pay the water/sewer bill to? Is the city? How can I give it to them?
2. H...