Hello,I've been toying with this idea to pay down principal using 401k from my previous employer.Firstly, is it feasible? Any ramifications that I need to be aware of.Appreciate your inputs.Thanks

Investment Info:

Single-family residence buy & hold investment in Chicago.

Purchase price: $73,000

Cash invested: $1

Purchase: $75,000 (plus $40,000 construction loan) using private money
Rehab: ...

My question is:If I lived in my 2 family rental property for 2 years out of the 10 years i owned it, do I still owe depreciation recapture taxes.

I have 10 long term rentals in an LLC, called SP. 50% owned by me, 50% owned by my mother. I manage all 10 rentals. We are buying a truck this year and I would like to do a Section 179 deduction as well as have a home...

Wanting verification that I am reading Capital Gains Exclusion 121 Code correctly.We bought a property 8/15 for $175k.  We were primary residents (30 months) until 4/1/18 when we rented the home until current.  We are...

Does all of the cash from a Cash-Out Refinance on a Rental Property have to be re-invested in order for the Interest on the new loan to be fully tax deductible?Or can you do something else with some or all of the cash...

Last year, we spent $15K fixing a flooding issue in our rental's crawl space. We hired Company A (an emergency flooding company) to pump out the one foot of water and remove all wet/moldy drywall at a cost of $5K. A c...

I have an investment property in Baltimore City/MD. I paid $90,000 for the property in 1987, it is paid for. I do not know the value of the land vs. structure at the time of the purchase nor do I remember the "closing...

Just noticed as I was looking through the online tax lien auction going on for Yavapai county in Arizona.

There are certificates that have over 7,700 bids! The most I've ever seen in the last three years has been 7...

Good day everyone. Newbie here and asking for some light.My spouse and I are travel nurses from FL. We are almost finished rehabbing a LTR we closed last March 2022 and are planning our next purchase.We are thinking o...