Dallas Smith
Selling 2 properties
24 January 2025 | 5 replies
Just be mindful that you can't 1031 a personal residence but it might be eligible for capital gain exclusion from section 121.
Anca R.
Is a 1031 Exchange allowed in this case, and if so, is it worth the hassle?
22 January 2025 | 22 replies
Your net gain is your net sale, minus your adjust cost basis.
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 ?
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
Byron Umana
How to Maximize Your Airbnb Income: Tips for New Hosts
26 January 2025 | 7 replies
Or what are other tips to start gaining traction from the beginning?
Warren Peasley
Selling primary residence / new home into LLC?
18 January 2025 | 3 replies
I have a followup question - I will realize a lot of capital gain from this home in Idaho, so I think unless I purchase a new primary residence I will have to pay that capital gains tax.
Richard Benjamin Wilhite
How to Find "Cost" Basis for Inherited Land prior to 1031 Exchange?
19 January 2025 | 9 replies
What would the capital gains be on the sale of each lot?
Geoff McFarlane
Sell our home or rent it out?
20 January 2025 | 7 replies
I would sell and take your gains.
Andrew Grimmett
Capital Gains from the person selling to me
23 December 2024 | 5 replies
Make sure this enough gains to make it worth worrying about.
Andrew Slezak
Opportunity zone investing
17 January 2025 | 2 replies
@Andrew Slezak Opportunity Zone (OZ) investing allows you to defer capital gains taxes (e.g., from crypto) by reinvesting the gains into a Qualified Opportunity Fund (QOF) within 180 days.