Keep hearing about new tax law, but haven’t heard how it will actually benefit us. Can someone please explain it where I can understand what this all means. Tax laws for Dummies, keep it simple lol
Can anyone recommend a tax attorney or CPA who is extremely knowledgeable with Mexican tax law? We are looking for specific information that relates to the taxation of inherited property and the sale of said property...
Hi BP Community!I'm a full time architect living and working (as an employee) in Seattle, but am needing to start an LLC for some architectural side-work I'll be doing in Texas. In addition, I'm kicking off my real es...
Tax laws are constantly evolving, and staying up-to-date is crucial for businesses and individuals alike. Here's why understanding these changes is so important:
🔍 **Avoid Costly Mistakes** – Misinterpreting or mis...
Before the new tax law, the interest on up to $1 million on a mortgage secured by a primary residence could be deducted on scheduled A. Likewise, the interest on HELOC up to $100k could be deducted in the same way. I...
Hi folks, I'm in the market for a new CPA that specializes in all things Real Estate. They can be located anywhere in the USA. I've read through a bunch of posts and it seems like we have some in the group. I'll also ...
I’ve been listening and reading about Tom Wheelwright’s suggestion on cashing out on 401k/IRA and taking the penalties and investing it in real estate since new tax laws would be in favor of investors.With new tax law...
I’m wondering how the new tax law has affected buy and hold investors who phase out at the $150,000 W-2 max income for deductions. My wife and I own four properties in Washington, DC proper, and rehabbed one last year...
Hi~ I am looking for some CPA recommendations who are knowledgeable with WI/MI tax law and how it pertains to a Sole LLC with property transactions. Thank you!
I have a question about the taxes due when selling a piece of property (in this case, raw land). I have owned the property for more than a year, which qualifies it for long-term capital gains treatment. If I understan...