Mark Choi
capital gains tax question for a NJ resident sells a NY building.
1 September 2017 | 2 replies
ThE amount of depreciation recapture will be treated as ordinary income.
Samantha Klein
Underwriter wants to count payment against me..
22 April 2021 | 41 replies
What if you made the tax payments for two years in one?
Nicole Heasley Beitenman
First-time deal between my father and I; How do we set this up?
30 October 2017 | 30 replies
If it's a rental, the 2 years doesn't apply on investment property.If you sell in less than 1 year, the gain is taxed at ordinary income rates.
A.J. H.
Buy a House. Sell it 6 months later for a $20k profit. Pay Taxes?
7 April 2016 | 6 replies
When it come to short term capital gain, there is no standard , it will depend on your income level as it be treated as ordinary income.
Tamika Rue
Tax deed investing/Tax lien
11 May 2020 | 10 replies
Once you have gained lawful possession, it doesn't end (under pre-2020 rules) until the taxpayer redeems.
Kerrie Carre
Rental loss
19 November 2015 | 6 replies
The real answer to your question is that you cannot deduct unpaid rent unless you are an accrual basis taxpayer and you had already included that rent in a prior year's income.
Heath Donnald
Settlement proceeds in personal name, expenses in LLC name
25 May 2021 | 7 replies
It’s a flip.....taking more 12 months doesn’t make it capital gains, it’s ordinary income plus self employment ss/med taxes.
Daniel Kim
TAX DEED IN ALABAMA and Quiet Title Action
10 August 2018 | 1 reply
A deed from the taxpayer is proof, whether it was recorded or not, as long as properly signed and notarized.
Ben C.
New Jersey Real Estate Flipping Tax Implications
24 August 2017 | 7 replies
Their income is taxed at ordinary rates.
Tracy B.
What to do when the property is listed as "reverse mortgage"?
17 August 2016 | 5 replies
I'm was looking up on a property and the tax payer address is to a reverse mortgage company--what do I do with the lead?