Jerry Chilimidos
SDIRA lending and borrowing.
24 January 2025 | 16 replies
Is an IRA subject to capital gains tax?
Nasi K.
AG Rollback form 50-789
27 January 2025 | 0 replies
Hi,We recently (Aug 2024) bought commercial land of around 2 acres. this was part of bigger commercial lot (around 25 acres) which had AG exemption and so the taxes that they paid was around $20 each year. we received a 'AG ROLLBACK' letter from the appraisal district that starting 2025 tax year, we will be taxed at it market value resulting in additional taxes, interest and possible penalities for 3 prior years.
Bruce D. Kowal
Cost Segregation Studies: The Hidden Passive Activity Loss Trap 🏢
28 January 2025 | 5 replies
Cost Seg studies will put depreciation on steroids and likely lead to a "Tax Loss".
Dylan Gomez
Inherited a property and remodeled it now its ready to sell
28 January 2025 | 11 replies
Yes, do the tax exchange if you can.
Basit Siddiqi
Investing in Spain: Good idea for non-residents(Americans)?
23 January 2025 | 31 replies
This appears to be a 'transfer tax' instead of an income tax.
Victor Yang
if i gift a house, is the cost basis what i purchased it for or the FMV?
24 January 2025 | 8 replies
It is my understanding that the new owner will have the house at the cost basis of my purchase price, for calculating capital gains taxes or depreciation.For gift tax purposes for you - FMV.For capital gain tax purposes for the recipient - your original basis/purchase price
Melissa Stanley
Starting with a Friend (LLC?)
28 January 2025 | 6 replies
Any advice on what setup is easiest and most tax advantaged?
Michaela T.
Anyone have any accountant recommendations for someone with a W2 & LLC?
28 January 2025 | 7 replies
Bigger Pockets is a great place to find a tax accountant that specializes in real estate taxation.
Dallas Smith
Curtis Cutler
cashing in 401k? rethinking retirement.
27 January 2025 | 9 replies
About 90k that will be taxed at 40% if I take it now.