Ed Balado
Private Money Lender Tax obligations
I have found a private money lender and she is asking me what her tax obligations will be on her profits. This will be her first time lending and my first time using private money. Any advice would be appreciated. Tha...
Daria B.
Out of state tax obligation
I live in Florida - a no income tax state. I have a rental in MD that I have to file a state tax form for at tax time.
My question#1 is for those investing in a state that is a no income tax state (Florida, Texas,etc...
Griffin Goudreau
Florida Rentals - Income Tax Obligations
Hey BP Community,I recently picked up a rental in Florida. I previously understood that there is no state income tax. Does this apply to rental income? Outside of property taxes, what other tax obligations should I be...
Jhamari Hogan
Understanding Tax Obligations (CLE, OH)
Hello, I live in a Columbus, OH suburb and want to buy an investment property in Cleveland, OH.I pay local taxes in the city that I work in, as well as the city in which I live. From online research, I was able to fin...
Daryl King
Tax obligations on an inherited house
Can someone help me with a Probate situation. My Father past away May5th 2021 and I am just starting the probate process. He owned a house free and clear worth approx 115K. What will be the tax requirements after put ...
Brian Salazar
Tax Obligations on a Seller Carryback
I am in process of selling my primary residence. With the change in the market it has been a much slower process. An opportunity has presented itself that’s a different approach, in which I would need to do a seller ...
James Bradley
Selling my first home, post-divorce
Hi all!I am under contract on the sale of my first home, I have owned the house for 10 years in Oakland County, MI. I HAVE lived in the home for 2 of the last 5 years and the reason for sale is my recent divorce. Here...
Adam Kuszczak
California franchise tax - obliged to disclose or not?
(asking for a friend)Without saying by whom, but I was told that I am not legally obliged to disclose my out of state LLCs if I am resident of CA. This is part of reason for WY LLC that gives you anonymity so no one w...
Steve H.
NRA Investing in USA - Tax Obligation and Mitigation
Hi there, i'm a non-resident Alien (British), investing in USA. I'm wondering if you have pointers, people or ideas for maximum tax mitigation as an NRA?
My situation and current strategy:
- my foreign company will...
Sean ONeill
Louisiana Tax Lien - Legal obligation to maintain property
I invested in tax liens in a Louisiana parish two years ago, and today I received a certified letter from an attorney representing the city. The letter indicated that the property is "unsafe and dangerous under the ...