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Results (10000)
Robert Hasty Rental income and income taxes
26 November 2022 | 1 reply

Wifes house been rented by her mother for last 5 years. My name is not on the deed. She pays enough to cover mortgage, taxes plus 5% for maintenance. 

Question,

Can I claim rental income so I can benefit after 2...

Tom Benette tax lien and income tax
21 February 2014 | 2 replies

I wonder:

1. If the money I pay for tax lien is tax deductible. Is it still tax?

2. If I pay subtax the next year, is it tax deductible?


Thanks.

Geoff S. Gross income vs pre tax income
12 February 2015 | 2 replies

Some feedback please.
I am in the initial stages of refinancing my existing primary home mortgage and loc.
Lender verbally asked for gross income, current debt , home value info, etc. Numbers and credit were ok. Got a...

Yengkong Sayaovong Income taxes with no other income.
19 September 2019 | 2 replies

If I don't have a job income but have income from my rental homes. Would I still be able to do taxes? Or would I have to get a business ID in order to claim taxes if I want to do rentals full time and not work anymore...

Moshe H. MA income tax on rental income?
10 January 2021 | 3 replies

I now own a rental property in MA and reside out of state. My question for anyone who might be familiar with this situation is if I will owe MA personal income tax (or any other state tax) on this income?According to ...

Brittani Gardner Filing Income Taxes With Note Income
5 January 2015 | 5 replies

Looking for help on seller financing my primary residence (of 2 1/2 years) when I move out later this year. I have an FHA loan, and have renovated the kitchen.I am trying to figure out how to structure the deal to mak...

Pat Hamilton FILING INCOME TAXES
4 March 2020 | 1 reply

I formed an LLC last year (I'm the sole member) and bought a multi-family home in philadelphia.  It is currently being rehabbed and I haven't rented it out yet. 
I wasn't going to file any tax forms for my LLC becaus...

Nick Lawler Rental Income Taxes
14 September 2020 | 16 replies

I am currently house hacking and renting out a couple bedrooms to some Navy friends but do not have them under a rental lease, however, I collect rent on a monthly basis. I am not sure of how this will affect my taxes...

Marvin Romero Passive income taxed??
22 June 2016 | 9 replies

Hey guys,
I have a two part question
1. Is passive income not taxed because it isn't earned income??? Or why is it tax free?
2. If you have a rental that is producing passive income. And you sell it, do you owe tax...

Abraham Kauffman Income Tax questions
24 July 2023 | 2 replies

If do a brrrr deal and all goes well, and I do a refinancing, will the money I pull back out of the house be considered income and taxable?
Order I need torun it througha 1031 exchange?