Huiping S.
How to prepare flood loss for tax return?
Lots families were flooded from Hurricane Helene. The flood insurance will cover limited, structure may or may not the contents. Lots people's car, appliances were died. The loss is very big for those family. I drove ...
Joel Owens
Tax questions......... power of BP hopefully has insight.
So long story short I have already talked with my accountant. Just wanting to do more research on an issue.To buy a property I am having to use 2013 and 2014 income last two years. Taxes are filed electronically in be...
John Michael
Multifamily Building Buy/Sale Same Year Hopefully Simple Tax ??
i am a retired teacher. I use Turbo Tax. In January 2016, I purchased a four family apartment building here in Cincinnati for $100k. It was completely rehabbed with an additional $150k. The total investment of $25...
Sam Tright
Why do people buy tax liens hoping to foreclose?
In my county there are tons of tax sale properties. As in you go in and buy a deed. You have to wait out the redemption period but that is the only downside.Buying tax liens hoping to foreclose seems a step removed. A...
Demetrius Davis
Any Hope for South Suburban Cook County Tax Appeal
I have wavered a lot over the past year as I've considered investment property for both flip and buy and hold in Chicago suburbs such as Park Forest, Dolton, and Calumet City. Mainly, I've been gun shy because of the ...
Roderick E.
Hoping to purchase tax certificate to acquire property in Florida
Greetings, I am seeking advice on what course of action I should take to acquire a property in Melbourne FL. that was owned by a family member who is now deceased. My cousin who passed away 3 years ago had no will but...
Zoey W.
I HOPE I am misunderstanding this... Colorado now limits tax deductions!!????
I hope I am misunderstanding this regarding new tax law in Calirado... sorry I meant Colorado...."Effective January 1, 2023, single filers are limited to $12,000 and joint filers are limited to $16,000 of deductions. ...
Ed See
Where to invest in Detroit, Maimi or Orlando?
Dear Fellow BP,
Am a newbie here though I have invested in several properties overseas. Have arranged a trip to New York, Detroit, Maimi, Orlando coming April and hope to find some great properties with reasonable ca...
Justin Smith
Rising Property Taxes in Texas - Any hope in a base year pass through?
Hi all - I own three houses in Austin Texas that are full rented. All has been well however I am noticing property taxes are starting to creep up. Two of the properties have mortgages on them and the property taxes ar...
Neil Polehn
Using the tax code to pay for upgrades to my dream home (hopefully)
Hey All,I just used a cash windfall to buy my dream home in San Jose for 1.6M and, as it was very dated inside, I am spending 200K to dramatically upgrade the kitchen, bathrooms and flooring with premium materials an...