Kimberly Kim
Capital Gains Tax on New Home
29 November 2020 | 12 replies
@Kimberly KimA couple things - While you did not live in the property for 2 years, you may still be eligible to get a benefit from a partial section 121 exclusion.There is a partial section 121 exclusion available for property owners who sell because of health, employment or unforeseen circumstances.We would have to determine if you would fall under the unforeseen circumstance situation.Some items that qualify for unforeseen circumstance would be giving birth to children(and moving to a bigger house) or getting divorced.
Susan Tan
When is house hacking not worth the sacrifice in quality of life?
6 December 2020 | 11 replies
She stopped paying rent and tried to blackmail me by threatening to file a report with the county for bogus health and safety violations.
Maxim K.
Tenant demanding before paying rent
4 December 2020 | 30 replies
I ended up filing a lawsuit against the property management company for severe damage to my personal property and health issues from black mold from a leak they took over 90 days to even address AFTER I filed the lawsuit.
Joey Shanahan
Long Distance Investor from Long Beach, CA
2 December 2020 | 23 replies
@Joey Shanahan I live in SoCal and I am also in the health care field.
Dana Williams
Leasing monthly instead of yearly due to Covid
1 December 2020 | 11 replies
And although the CDC order is a "federal" order, it actually only applies "in states (including the District of Columbia), localities, territories, or tribal areas that do not have in place a moratorium on residential evictions that provides the same or greater level of public-health protection than the CDC’s Order".
Ryan Kearns
Need Advice On Extension Issue
30 November 2020 | 0 replies
Pretty standard stuff, but here is where I'm stuck.A week ago the buyer's agent informed us the buyer got covid and due to health issues needed a week extension on accepting our counter or not.
Lloyd Segal
Economic Update (Monday, November 30, 2020)
30 November 2020 | 0 replies
The news comes amid an ongoing rise in coronavirus cases and worries that the national health system is severely stressed.
Chris Allen
Utilizing Second Home Mortgage for STR's
3 December 2020 | 4 replies
Are you referring to if we will file jointly or separately?
Jack B.
Capital Gains Tax free exit from rentals: it is possible
3 December 2020 | 7 replies
So a couple filing joint with less than $80,000 in income could technically pay 0% in capital gains, theoretically.
Matt Said
Can you 1031 a property from an existing LLC to a new one?
3 December 2020 | 6 replies
So in this event you can sell as the LLC and buy as yourself or sell as the WI LLC and buy as another disregarded LLC in the other state.If the other member of the LLC is your spouse and you file a joint tax return then that is still technically one member of the LLC - your joint tax return.