When should I file my taxes?
Here a link to a site for federal tax filing deadlines: https://www.thebalance.com/income-tax-deadlines-3192862
How do I pay for my taxes?
The most effective way is to pay them electronically at IRS approved sites. Your accountant will have that information available when it is time to declare.
What’s a 1031 exchange?
That strategy is covered in detail during week 3 of the program. But in summary, the government allows you to defer paying taxes on the gain from the sale of your properties. To qualify, the government will give you 6 months to find and close on a property of equal or more value than the one you sold (hence why you hear that the rich get richer).
In the meantime, you can watch this:
Can I deduct the cost of the Real Estate Nova course on my taxes?
Yes, as long as you take the deduction in the year you purchased the course. For example, if the course was purchased in 2020, the deduction needs to be taken on your 2020 tax return.
Depending on the accountant, you will need to provide copies of receipts and/or the EIN number.
Copies of the receipts have been sent directly to the email you used to purchase the course.
To obtain the EIN of our company or additional instructions on how to deduct the cost of the course in your taxes, please send an email to the following address: [email protected].