Elizabeth King
Does my property have to be in LLC to benefit from real estate tax advantages?
2 January 2025 | 10 replies
It just adds complexities and costs without any benefits.
Allison Littman
"Church" Purchase Creative Financing
11 January 2025 | 7 replies
as a "donation" (translating to the benefit of taking a deduction for 2025).
Muhammad Kashif
Best way to optimize taxes for new construction of investment property (for flip)
20 January 2025 | 3 replies
Is there any creative way to avoid/reduce capital gains tax on the sale ?
Bruce D. Kowal
What REALLY Triggers IRS Attention in Real Estate Partnerships - From An Onlooker
29 January 2025 | 6 replies
In that case, the GP, who was a cheating SOB, issued a K-1 allocating cap gains [§1231 gains] to my Client, who was a minority LP.
Johnny Lynum
Multifamily vs. Single-Family—What’s Your Take?
17 January 2025 | 20 replies
Duplexes with separate porches and driveways act as SFH with benefits. 1.
Sanjai Dayal
Own commercial building, I use 2 of 7 offices for medical business- pay myself?
29 January 2025 | 4 replies
Additionally, if your goal is to maximize personal financial benefits, consider profit distributions from the property-owning LLC, which may provide tax flexibility depending on your situation.By adhering to FMV, maintaining proper documentation, and structuring the lease agreement carefully, you can optimize tax benefits while staying compliant.This post does not create a CPA-Client relationship.
Brandon Tyler
Brand New to Real Estate
29 January 2025 | 2 replies
Connecting with investors is a great move too; it’s one of the best ways to gain real-world knowledge and build a strong foundation for your journey.What kind of investing are you most interested in?
Steven Rosenfeld
What do you think of syndicate sponsor Goodegg Investments?
26 January 2025 | 51 replies
For example, let's say you are guaranteed a 7% pref and the property delivers exactly that, but then sells with a capital gain.
Katie Miller
If you use a CPA or Tax Professional, how did you find him or her?
31 January 2025 | 120 replies
Until then, the general Knowledge a tax accountant has on real estate will be sufficient for the price and benefit I get.
Paloma Wodehouse
High Priced First Buy
8 January 2025 | 9 replies
Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.