Abdenour Achab
How do you report income due to discount element in TurboTax ?
Hello,I am doing my taxes right now and, under the "PERSONAL" category, I see "Interest and Dividends", under which there is "Interest from Seller Financed Loans". I reported the interest I earned from my notes there....
Michael Plaks
Another hog slaughtered by the Tax Court - are you the next one?
You know that pigs gets fat while hogs get slaughtered. The Tax Court once again illustrated this cliché in its recent decision in the Harrison v. Commissioner case (T.C. Summary Opinion 2022-6).
Nicole Harrison was ...
Jasraj Singh
Do you need to be a U.S citizen to rent or flip a property?
I want to invest in the U.S and just wanted to know that do you need to get U.S citizenship to rent or flip a property in the U.S? and can I get a mortgage or loan for investing in U.S without being a citizen there?
Agustin Figer
Whats your BEST advice for an extra $6k a month
Through God's blessings my wife and I are able to make an extra $6000/month after all of our life expenses are paid. Is there a part of real estate that my wife and I can put our extra income into monthly, maybe possi...
Dan A.
Lenders that include STR income in debt-to-income calc
Does anyone have a recommendation for either national or local lenders (I’m based in LA) that will include short term rental income in a debt to income calculation to help finance a separate conventional mortgage?
Philip Lagaris
Foreign Earned Income Deduction
Hi there,This is a question about tax deductions and qualifying income.Last year I qualified for the foreign-earned income deduction (FEID), a deduction that allows me to deduct about $100k from my taxable income beca...
Ra B.
Looking for Investment Advice in St. Cloud, MN
Hello Friends,Looking to purchase a portfolio of 4 apartments in St. Cloud. All are low-income families but cap rate is 7.50% and cash-on-cash is 10%. It is 40 year old property. The original seller bought it in forec...
George Pan
Will depreciation count toward my debt to income ratio?
Hello,the depreciation expense deduction from my rental property on my tax return is lowering my overall income.Is that depreciation "added" back to my total income when the bank calculates my debt to income ratio? Ar...
Garrett Terrell
Taxes, LLC, S-Corp, Payroll HELP
Ok so we just sat down with our CPA and we are going to be absolutely pummeled with taxes for the 2020 year.. Anybody have a strategies for payroll, tax strategies for rental properties, capital gains on flips, tax st...
Ryan Tyree
New Member - Morgantown West Virginia Area
I am very much new to real estate investing. I have a ton of questions and haven't found google to be of very much use outside of pointing me to these forums. I have been browsing the posts and listening to the podca...