In order to defer all of the tax you must purchase a replacement property that is at least as much or greater than what you are selling for.

I don’t know how 2 people got 3 homestead exemptions but that seems like something the local taxing authority could catch pretty easy.

Also, the tax benefits of the buy and holds help offset the increased tax consequences of fix and flips.

If they don’t satisfy that call, the broker could force a sale of securities, making them incur unnecessary tax liability.Let us know which brokers offer the best SBLOC terms.

Your equity doesn’t matter in the taxes or decision.

I can do all the due diligence beforehand, except the soil I have bought a ton of land at auction and tax sales over the last 40 plus years..

It seems like every city, county, and state has its own rules, permits, and tax requirements for short-term rentals, and I’m finding it overwhelming to navigate all the different layers of compliance.For example, some places require business licenses, transient occupancy tax permits, or even special zoning approvals.

Urged them to make a withdrawal and pay the tax penalty because this program, training, education will change their life.

I’m told taxes and insurance is lot and will rise each year and cash flow is hard to come by.

@Nicholas Haubner Contact Montvale's tax assessor and building department to see it is currently classified.