I just bought my first rental property this year and now it's tax time. Can anyone recommend a program like turbo tax that is free or something inexpensive?
I own a free and clear SFR and looking to use the equity to do a tax free exchange as a down payment into a multi-family. Any advice? Is this smart, pros and cons etc??
Hello all,I'm new here and I've heard from several sources that loans are tax-free. Is that accurate? It seems like a giant loophole to me. Is that why you would refi after rehab?
I was asked by Lowe's if I had a certificate to get the materials tax-free. I know that when I worked for a corporation we got equipment tax-free but I don't know how because we weren't a non-profit. My question is, i...
When Breaking down Raw data when it comes to delinquent taxes you will begin to understand how to read your info. Here is a tip for those evaluating leads from your excel sheet.1. Focus on properties that are at lea...
Greetings BP family! Newbie here, soaking in the collective wisdom.I was googling passive income the other day and learned that you can earn up to 80 k and not pay federal income tax. Is that true?
Is there an alternative to doing a irs 1031Exchange. Rolling to a alternative temporary. If replacing property can not be accomplished in time?
Two questions - can there be circumstances where a 1031 is a bad idea? And. Did anyone chose just not to do a 1031. And give the reasons.
Hello Canadian BP’ers,
Looking on some feedback regarding a strategy I stubbled upon. If you bought a house a year for 10 years (assuming cash flow positive as well), and on the 11th year refinanced the 1st house to ...
i have a simple question about cash flow from rental properties and taxes. is cash flow considered income? Will i have to claim my cash flow as income and be taxed on it? 'm just a little confused about this.