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Hi - I have been renting my property for about 18 months so I am kind of new to this. I am looking for some guidence if it is a good idea to take my rental property’s depreciation for filing taxes? From some reading I...
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Hey All,I've perused through the Canadian section and there doesn't seem to be a great deal of info on this topic. I'm looking for some information on how one can go about purchasing a rental home in Canada under a co...
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I "retired" 5 years ago but kept two rentals because they're in great locations, with great tenants, good (not great) cash flow and are appreciating nicely. My plan was to sell them when I turned 70, in 5 years. Howev...
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The SECURE Act now allows for 529 Plan funds to be used to pay up to $10K of student loans.
Open a 529Contribute $10K and take a state tax deduction. Most states. Distribute funds to pay off $10K of student loans. D...
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Me and my wife are looking to buy our first investment property, before our lease is due in four months where we currently rent. We have a down payment ready to go. However our credit is poor, and I have been working ...
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My parents are looking to donate or sell a rental property to me and my sister and I’m trying to figure out which would be best. I plan on taking out a loan on the property (which is paid off) in order pay down debt a...
Do I pay taxes on the rent I receive as extra income if I occupy the duplex while renting out the other side to pay for my mortgage? I want to say yes as I am doing my own taxes and was not sure on what to do.
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Does anyone have Legal/Tax advice? I'm crunching some numbers and would like to propose to my mother-in-law who has already allocated in her estate plans to gift our two daughters $30K each (x2=$60K) for their college...
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Hi,
If a property is in pre-foreclosure - Is the owner delinquent in paying their mortgage or property tax? or both? Where/how would i be able to find these information? I see listings on zillow with pre-foreclosure ...
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Hello BP, I want to 1031 exchange a Long Term Rental Property into a Beach Condo. I want to buy the Beach Condo as a 2nd Home so I can get a lower down payment. Can I 1031 Exchange a Rental into a 2nd Home? Reason for...