Hi,      This is for a rental property.  I paid using a credit card and the county charged me a service fee. This fee would not have applied if I had paid using a bank account.Can the service fee be deducted as part o...

If I am currently full time employed in Illinois and fit into the 28% Tax Bracket, what taxes do I pay for my flipped property? Am I still paying 15% of capital gains or do I pay 28% on capital gains due to my current...

If I own a mobile home that is parked in a mobile home park in TX, do I have to pay property taxes on it? And if so, why? 

Good morning!
I have just purchased my first investment home in Kissimmee, Florida. I have received my license from the Department of Business and Professional Regulations (division of hotels and restaurants). I hav...

I’m curious how others approach paying taxes after selling a flip project...1. Do you pay your taxes to the IRS immediately after acquiring the check from closing? Or, do you put enough aside and pay at the end of the...

So I closed on this property (triplex) around Mid-Feb 2020. I just found out thru a letter from the county, that I am now in foreclosure because I'm apparently delinquent on my property tax. I thought this was weird o...

My parents have been working on setting up their living will.  I will be inheriting their two houses but I wouldn't want to keep either as a rental.  I'd probably, most likely, do a 1031 exchange with both of them.  W...

Hi, so I have a home that I found vacant and abandoned. Found this home almost a year ago but couldn't find the owner. Decided to go through my archives of homes I couldn't find the owner and decided to try facebook f...

do i live in Norway, can i just buy a house and flipt it and then sell it?And do i pay taxes to the US or Norway on the profit?

Hello, I'm looking to recruit investors in a house flip, similar to a crowdfunding scenario.  So my question is whether there is any tax liability to those investors.Assume one particular investor gives me (or my LLC)...