If you’ve owned your home for 1 year or less, factor in RE Taxes, Mortgage payment, home repairs, increased utilities, etc.,
We paid insurance on the property when it was empty in the name of the person who was suppose to be living there. This may sound silly but we were trying to protect the property in the event of a casualty. We had to take out a policy in there name because they would not [...]
Which of the following are included in GNP? 1. govt. transfer payments 2. rental income 3. change in inventories 4. services of home makers 5. indirect business taxes 6. export of good & services 7. business transfer payments reasons for inclusion or exclusion will be highly appreciated.
I owe $ 80k+ in taxes and simply cannot afford to pay the IRS anything. I make very little at the moment and I owe the taxes on money I have never seen. I worked for a company who had Me put things in my name for awhile. They had me take out large sums [...]
I left my home that I am paying mortgage, taxes and insurance. It will be unoccupied, because I had to find employment in another city. I am renting an apartment in my new city. Will I get a tax break on my taxes???? I have secured a job in another city. I have someone who [...]
Jul 052011
and the cost of me doing it. Since we have insurance to protect the inside and to protect us from a renter. do we still need to form a LLC
My business suffered a total loss in fire. Insurance was just enough to pay off lease purchase contract with no money to cover contents lost. How do I show the loss on my taxes?
what is and how do I figure out my rate of return if I bought a rental property for 170k cash with no mortgage and if I was able to get 1100.00 a month in rent.my expenses are: taxes per month is about 150.00. HOA dues per month are 50.00 45.00 a month for insurance [...]
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