Deborah Burian
Houses selling like popcorn
Planned to look at 5 SFH today. Most came up on my list in the last three days or so. By the time we got out, two were sold. One more sold between my agent leaving her office and us arriving at the house. A fourth...
Herbert Dolson
Limited resource big return
Investment Info:
Single-family residence fix & flip investment in Middletown.
Purchase price: $40,000
Cash invested: $30,000
In contract to sell for $195,000
What made you interested in ...
Judd Campbell
Overseas living and managing rentals FEIE
Been gone a long time from the forums, Hoping someone with tax expertise could help me here. My wife and I have 16 rental units in Kentucky and although we have an on the ground handyman we mange financial things rem...
Ricardo P.
First time Landlord needs info on Taxes
This is my first year doing taxes while having my investment property. Property is located in Ca. Long story short I would think there would be some sort of refund i would receive for paying high property taxes,repair...
Account Closed
Big refund or owe a little
As a tax return preparer, I run across people that deliberately have more withheld during the year than necessary as a kind of forced savings. Others that initially work at owing nothing or paying a little at year's ...
Jim T.
Overpaying State Income Tax and 1099-G
If one overpays the state income tax, they receive a 1099-G the following year for the refund amount. This makes sense since you were able to deduct all that was deducted rather than just what was ultimately owed. If...
Brett S.
Any way to retroactively use losses to offset gains on sale?
I think I already know the answer, sadly, but just wanted to check in with the experts here: I'm exiting about half of my portfolio as I head toward part time employment and eventually full retirement. When I do tha...
Kevin Thompson
Rental property cash flow
I ended 2017 with 4 duplexes out of state. 3 mortgaged, 1 owned out right. These properties are generating more cash than I need at this point in my life because I still have a good 40/hr job.What are my strategies...
Nicole A.
What do you do with a tax refund due to your LLC?
This year, I did LLC taxes for the first time (we formed in 2012). I used TurboTax and did it wrong. I was/am on a steep learning curve and did not even know that we members had to claim any profits on our persona...
Annunciata R.
Why am I getting a reassessed refund check from a tax deed
Maybe someone can help me on this, I bought a few lots at the last LA tax deed auction in October. Judging from the tax accessors values online, all the lots I purchased cost less than the last value. Last week I ...