Chris Corbin
Owner won't sell because of capital gains!
23 February 2018 | 40 replies
That just increased 40% of $5M in my estimation, with the doubling of the estate tax exemption this year, to $5.3M in taxes he would have SAVED.
Paul Allen
New here (haven't started yet) seeking advice on my plan
3 March 2018 | 5 replies
As long as your mailing address on your bills is that address and you claim that address on property taxes for your homeowner exemption (may vary from state to state), it's considered your primary residence.
Paul F. Kershing
Converting a rental property to primary residence?
21 March 2018 | 4 replies
You'll get to take the 121 primary residence exemption when you sell with some restrictions.1.
Tarik N.
Transfer of property to LLC in Baltimore, MD
1 March 2018 | 2 replies
You’ll want to be sure your transfer satisfies the elements of the LLC exemption in MD Code Tax-Property 12-108; and that the deed contains a statement under oath confirming all of the elements and also references both exemption statutes.
Mike H.
I'm a dummy and need to know what I can do to fix it!
6 July 2018 | 54 replies
What about meeting w/ the board and asking for a exemption that will expire on the same day as your lease?
Wendy Van Camp
Letter of intent on new property
7 March 2018 | 5 replies
@Josiah Collins, Since Wendy qualifies for both the 121 and 1031 she can do a 1031 on the amount over the $500K exemption and get the best of both worlds.
Tae C.
Delayed Financing for BRRR
8 March 2018 | 4 replies
Hello all,I’ve been trying to figure out exactly how delayed financing exemption works and how it would apply with a brrr strategy.
Steven Gillmer
Out of state investor tax filing question
8 March 2018 | 11 replies
They normally want estimated payments throughout the year(April 15, June 15, September 15, December 15).One thing to look out for is that you may be exempt from paying an estimated tax if your prior year liability is $0 or if it is your first year of filing.
Jacob Gallup
Getting an FHA while having a conventional loan
7 March 2018 | 4 replies
If you're moving more than 50 miles for a job you can get an exemption.
Caleb Dryden
1031 Exchange and avoiding capital gains
22 July 2019 | 13 replies
Opportunity Zones can be used to minimize tax payments or even reduce to zero.Opportunity Zones were created under the TCJA to; Allow U.S. investors to defer all 2018 capital gains for eight years if the profits are reinvested and held in an Opportunity ZoneLower the amount of capital gains taxes resulting from the sale of a capital asset by 10% or 15% if the proceeds therefrom are held for five or seven years, respectively, in an Opportunity Zone project.Provide for a full exemption from capital gains taxes on all future capital gains on the invested funds if an investment is held for ten years following investment.