Archive for May, 2009
Investment Property Taxes
Tax implications of Investment Property Income to a minor?
My husband and I just bought an investment property that we intend to rent. We purchased the property for a 10 year old minor with the intention of us making the monthly mortgage payments and the child receiving the monthly rental income (approx. 12K annually) to put in a savings account. Will our 10 year old have to file taxes on this income?
yes and you will lose your ability to deduct or claim his as a dependant.
I advise seeing a tax accountant before you go any further.
Detroit Investment Property
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2006 TurboTax Premier Federal + State Investments Win/Mac [OLDER VERSION] $22.99 Compatible with both Windows and Macintosh operating systems, the TurboTax Federal and State Premier Investments 2006 includes all the features of TurboTax Deluxe, plus even more help for investments and rental property. This program finds and maximizes your deductions while guiding you step-by-step through mortgage interest, charitable contributions, education, medical expenses, and more. Additio… |
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The Complete Guide to Investing in Real Estate Tax Liens & Deeds: How to Earn High Rates of Return – Safely $10.96 Purchasing tax lien instruments from city, county, and municipal governments can provide you with very high and secure rates of return, in some cases as high as 12%, 18%, 24%, or even 1,000% or more per year. If performed correctly, investments in tax lien instruments will far outpace stock market performance, even traditional real estate investments. The key is to know how to perform this process… |
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Profit by Investing in Real Estate Tax Liens: Earn Safe, Secured, and Fixed Returns Every Time $13.56 Profit by Investing in Real Estate Tax Liens, the only tax lien book written by a tax lien investor, has been the top-selling tax lien book since its first release in November, 2004. In this second edition, attorney and tax lien investor Larry Loftis not only teaches how to invest invest in tax liens and tax deeds, he provides insightful, first-hand experience from his purchases around the Un… |
