Jessica Seppo
Tax question on selling previous primary residence
19 October 2020 | 9 replies
@Jessica Sepposection 121 exclusion(rules on sale of personal residence) are more advantageous than QOF or 1031 exchange.QOF and 1031 options are good but if you have the option to do section 121, I would normally suggest to do that instead.The difference is section 121 exclusion allows you to exclude the tax(not on depreciation recapture) while 1031 and QOZ allows you to defer the tax.
Caleb Folse
Rental Management Software
21 October 2020 | 8 replies
Although it looks as though I may exclude some of those based on # of properties I eventually intend to own/manage.
Nicholas Bolcon
Underground Oil Tank Found During Inspection
12 November 2020 | 20 replies
Nicholas,If this will be a rental property, the majority of the standard carriers will not write a property with an underground tank (active or closed) we do have two that will write it but exclude coverage for pollution.
Zach P.
FICA TAX Question (EMPLOYEE and EMPLOYER/EMPLOYEE SIDE BUSINESS)
20 October 2020 | 16 replies
Your annual employee contributions across 401(k) plans cannot exceed $19,500 plus applicable catch-up contributions (excluding After-Tax/MegaRoth which you aren't asking about).
Victor Ramirez
New to Real Estate and In Massachusetts
25 October 2020 | 8 replies
The law specifically excludes rentals under 250 square feet.
Henry Murray
PM agreement - Performance Guarantees not written into contract?
21 October 2020 | 1 reply
This section seems pretty typical from what I've seen but seems like it would exclude the additional Performance Guarantees they sent me since they're not referenced anywhere I can find in the PM contract?
Sixto Moralez
Make Tenants Pay Water Leak Bill?
24 October 2020 | 13 replies
Tenant shall be charged for all repairs or replacements caused by Tenant, pets, guests or licensees of Tenant, excluding ordinary wear and tear.
Aubrie Larsen
Capital gains when Renting basement?
9 September 2021 | 2 replies
For example if your basement is 40% of your entire property, then 60% of your capital gains is excluded.
Julio Gonzalez
Research and Development Tax Credits
13 December 2021 | 6 replies
The most common examples are durable lab equipment, vehicles, machinery, buildings, furniture, and computer software.Buildings, vehicles and machinery are specificclly excluded.
Zach Clark
Has anybody ever heard of a 10-2 principal
17 September 2021 | 5 replies
For houses my expenses excluding debt or cap ex run about 36% self-managed, 50% with a PM.