12 December 2022 | 7 replies
.: I'm figuring a year end tax payment - we sold a rental property for a gain (held more than one year) and will have K-1 losses from two syndications that we are LP.
1 August 2024 | 125 replies
i find ones who honest up front and honesty is confirmed by paperwork ate usually pay rent consistently but anyone on taxpayer funded a long time or who have been evicted prior are more "dangerous" more likely not pay rent than any felon.3.
13 November 2020 | 215 replies
If they are looking to raise revenue they can start by rolling back the 1.5T tax cut they handed out to the multinational corporations in 2017 that have taken stimulus money while laying off thousands of taxpayers.
21 August 2020 | 3 replies
Assuming we're talking about traditional, long-term rentals (and not STRs), there is a small taxpayer passive activity loss allowance for rental real estate of up to $25k if your modified AGI is $100k or less.
22 February 2022 | 298 replies
Things about to sucked into the vortex: mortgage payments will default as homeowners sag under the weight of supporting tenants; tax payments because there's no spare money to pay such a big bill; maintenance since there won't be any extra cash for improvement;lawn care since that is not mandatory; all types of home improvement, unpaid utility bills that accrue and turn into property liens.
25 September 2022 | 80 replies
H&R Block was lobbying to keep free tax prep services out of the DIRECT hands of taxpayers.
9 July 2017 | 28 replies
Also while them having a criminal record and even jail time may be attractive on the surface it just costs tax payers more money.
5 May 2019 | 132 replies
Once inflation kicks in in bigger cities people will do what they always do and begin exoudus to smaller areas (check Cali, NY,Seattle that losing up to 3% of tax paying population every year...
28 October 2021 | 163 replies
DC takes all the tax payer money across 50 states and pours it all across Maryland and Virginia...
30 April 2019 | 85 replies
For some reason, the IRS does not like taxpayer getting a break (i.e. lower tax rate) on gain that was generated by depreciation, so the IRS decides to take back the tax break on the portion of the gain that is generated by depreciation, hence the term "depreciation recapture".