What Are the Pros and Cons of a Double Net Lease (NN) Property?
Commercial leases typically fall into three categories: gross leases, modified gross leases, and net leases. Within the net lease category, there are single, double, triple, and absolute subcategories. Which is most advantageous for you depends on the type of business, the circumstances, and whether you are the landlord or the tenant. Knowledge is power, and understanding the differences between the leases can help you decide which is most suitable.
When Do You Pay Capital Gains on Stock?
Investing in the stock market can be an effective wealth-building strategy. When you choose to sell your shares, however, you may face capital gains tax on the profits of your sale.
What is a Grantor Letter?
When delving into trusts, one important topic is taxes, the management of which is often a key consideration for creating them. The grantor is the individual who creates the trust, which is managed by a trustee, who is a different person or entity. The trustee should be a neutral third party who oversees the trust’s assets on behalf of the beneficiary, who is designated to receive distributions from the trust.
How Do I Determine the Value of My Mineral Rights?
The term “mineral rights” means the entitlement to use and profit from any minerals underneath a specific property. Mineral rights may be distinct from surface rights (the right to the surface of the land) and may have a different owner. Minerals may include:
How Much Do Property Managers Charge?
If you've recently invested in a rental property and want to hire a property manager to collect rents, screen tenants, and handle maintenance requests, knowing how much property managers charge should help you avoid overpaying. Keep in mind, however, that the answer to this question depends on the property manager or management firm you hire as well as the tasks they are being hired to perform. Here's a more detailed guide on how much property managers typically charge.
How Do I Get Form 1099R?
Any time you earn any amount of income that doesn’t fall under the “wages and salaries” category, the IRS wants to know about it. The 1099 form series reports various types of non-employment income to the IRS, such as contract payment (1099-MISC or 1099-NEC) or interest income (1099-INT).
How Are Capital Gains Taxed on Stock?
Selling a stock for a profit creates a realized capital gain. These gains are taxable. How much in taxes an investor might pay is dependent on their income and the holding period of the asset. Some investors use this information for more tax-efficient stock investments. Let’s see how it works.
Do I Need to File Form 8997?
Form 8997 is used to report transactions related to qualified opportunity funds. The form is filed each year that an investor has capital gains deferred in a qualified opportunity fund. In this article, we’ll go through what’s involved with filling out Form 8997 and who should file it.
Are Retirement Planners Worth It?
Planning for a secure, comfortable retirement is a nearly universal aspiration. For most people, the idea of living in their retirement without worrying about finances is a top priority. But for many, doubt over how to achieve that goal is troubling. For example, you may have questions about your retirement assets. Do you have enough saved, and is it invested appropriately? For some investors, retirement's special tax and management challenges lead them to rely on professionals for advice.
Can You Sell a House with Tenants-in-Common?
A Tenancy in Common (TIC) arrangement allows multiple individuals to share ownership rights to a property. While a TIC arrangement may allow you to own high-quality real estate for less start-up capital, complications can arise when you decide to sell the shared property.
