
2 November 2021 | 1 reply
Is withdrawing money from an Estate account taxable?

3 November 2021 | 8 replies
This would generally result in the distributed value being added to your taxable income and may incur penalties if you are not 59 1/2 or older.

18 November 2021 | 73 replies
In the meantime we will continue operating our business matters without trying to con tenants and creating unintended taxable event.It is nice to think about hypothetical solutions to work around an issue but when someone gives you a legitimate roadblock (having to pay tax on depreciation recapture) I would recommend trying to pivot to a new idea instead of ignoring that your idea holds no practical usefulness.

14 November 2021 | 1 reply
.- Familiarity with Legal Structure of partnerships and advantages/disadvantages of various taxable entities.- Offers proactive guidance in tax planningMy partner and I are both located in the Bay Area, but location does not matter!

13 July 2022 | 6 replies
It is my understanding that that arrangement limits your flexibility in moving real property assets around and can create a taxable event if you later decide to move the property into a different entity.

8 November 2021 | 5 replies
@Seokwoo YoonA refinance in of itself is not a taxable event.However, there are some items with a refinance that effect your taxes in the future.Closing costs / lender costs may be capitalized.Prior lender costs can be immediately written off.Interest tracing rules need to be factored in for deductibility of additional funds received.

8 November 2021 | 9 replies
@Kwame EssiehYou may be required to report an increase in taxable income if you sell appreciated stocks.You may want to see if you have stocks that both depreciated and appreciated in value so the net income aspect is close to $0Best of luck

16 November 2021 | 8 replies
My CPA was doing a great job filing, but she wasn't helping us plan for the future or giving me guidance on how to reduce my taxable income.I recently hired a new CPA that works with a lot of real estate investors and she's been great!

27 December 2021 | 9 replies
Just the act of accelerating depreciation will increase your taxable income in future years.

2 January 2022 | 13 replies
Thus no taxable event.