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I know that real estate taxes and interest on the note for
I know that real estate taxes and interest on the note for the property are not considered start-up expenses subject to amortization. So does that mean that they are deductible expenses to the busines… read more
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what are the tax consequences to renting house below fmv to friend? … read more
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If you have a three tenement apt building, rent out two apts
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My dad and I own a property 50/50. From a Loan standpoint
My dad and I own a property 50/50. From a Loan standpoint this is considered an investment property, however it is not. My sister and her family live in this house, and only pay the mortgage. So from … read more
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I am filing a 1041 for my mothers estate. She died in 2011.
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We (my wife and myself) rent a condo to our daughter and son
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we brought land june 2011 and in Sept. 2011 we bought a new
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Feb 4 2011 I opened a Reverse Mortgage in 2010 with the following
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I am an individual US tax payor and own and occupy a principal
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I have no mortgage on my home. I want to take out a mortgage
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I refinanced my home and bought a rental property (condo) in
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I am divorced. My divorce agreement stipulates that I am responsible
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There are 3 individuals on a property such as A,B,C. The loan
There are 3 individuals on a property such as A,B,C. The loan is on "A" individual and B & C lives in the property and pays the mortgage. Is it possible for B or C to claim real estate mortage interes… read more
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I own only one home which I rent out. When I file my taxes
I own only one home which I rent out. When I file my taxes I noticed that if I use the property taxes, insurance and property interest paid to subtract from the rental income that I get a bigger refun… read more
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To obtain a reverse mortage I had to pay an additional fee
To obtain a reverse mortage I had to pay an additional fee to meet the "Available Principal Limit" . In addition, there was a Loan Origination Fee, and a Initial Mortage Insurance Premimum. Are these … read more
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