I bought a fixer-upper. I never lived in it or rented it. I made many improvements and repairs to the property. I also incurred expenses when I sold the property about 8 months later. Where do I report the expenses and gains from the sale on my income taxes?
I want to buy my own house now but my credit shows I have a mortgage and a lender says the only way to get it removed is for my dad to refinance the house. I know that’s one way to do it.
I also know if there’s another way to do it they won’t tell me coz they want my dad to have their loan, what other ways I can do that?
Is writting a letter to the bureaus get it removed?
I’ve paid off all of my old debts except for the repo which is $5800. I really can’t see paying all that money and I don’t even get the car back which sucked anyways. Any info on programs for first time home buyers with 1 blemish on credit report.
Hi. I received a 1098 substitute form in the amount of $2000 for interest on an investment property loan. Funny thing is, I sold that property on Dec 30, 2005. So for my 2005 tax return, I submitted a form 4797 for the sale of the property. So maybe the loan wasn’t paid off right away and interest accumulated in 2006. The 2006 interest must have been paid from the closing costs… after the closing on Dec 30, I did not personally pay for any additional expenses on the property. So how do I report what would normally be a business expense of $2000 for a property that I never owned in 2006? Or maybe I should not include the 1098 in my 2006 return since I did not pay anything on that loan in 2006???
Thanks for any good advice.
I funded a private mortgage loan for two individuals. Can I report this loan to the credit bureaus so it will be included in their credit score?
How do I get a late mortgage payment off of my credit report? I mean I’m totally current on my mortgage now. I want this off of my report. Thanks
I purchased a home in 3/07 as my primary residence. I am young so I also have roommates living with me. How do I report this property and the rental income? Investment income? Rental property?
I just went through turbotax and I am pretty confused about this. Thanks for your help!
We sold our house and bought another one in the middle of the year. What property tax amount should i report on my income tax return? The full amount of taxes for the new property or should I report the pro-rated amount I gave the buyer of my old property and the amount paid on the new property minus the pro-rated amount the sellers gave me on my new property?
Hope this makes sense……
