[...] I can see 3 scenarios where this tax can affect real estate investors with high overall income. Interest from owner-financed properties, especially with wraps. In a wrap situation, you will not be able to offset the interest you receive from the outside loan [...]
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Property sold – when are capital gains taxes due?
[...] If, as a result of your capital gains, your tax return will show a total balance due to the IRS of more than $1,000, you may owe the IRS an “estimated tax” payment which is due January 15th. [...]
Capital gains tax on investment property sold
[...] The long-term capital gains tax on it will be anywhere between zero and $3,000 (15%) and possibly a little higher, depending on your overall income in 2012, including jobs, businesses, investments etc. [...]
Who fails and who prospers in Real Estate investing?
[...] I can also see numbers from hundreds of other investors. And when I see so many of them, I notice some trends. Certain things just seem to work. [...]
Taxes in December – The Year-End Tax Planning
[...] Keep in mind that certain expenses, particularly those related to rehabbing, may not be deductible until the property is rented or sold. In that case, paying the bills in December [...]
Property taxes – Should I pay in December or January?
[...] This question pops up every December: should I pay my property tax bill in December or January? Well, the answer is not that easy. Let’s tackle it one step at a time. 1. Do I really have a choice? [...]
IRS taxes on short sale of investment property
[...] The tax liability on short sale starts with one fundamental question: what was your gain (or loss) on the short sale itself. This question has nothing to do with the shortage. It has to do with what you paid for the property originally, including [...]
Reducing Taxes With Cost Segregation
[...] When using asset segregation to lower your taxes, you utilize the principle that money in your pocket now is better than money in your pocket 10 or 20 years from now. [...]
IRS helping investors: 2009-10 Homebuyer credit
[...] If you are looking to buy your own home for the first time – it is obviously exciting news. However [...}]
Are services used to sell a home deductible?
Would you consider a home warranty and a foreclosure listing service costs as a deductible expense on the schedule E? [...]
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