Moustafa Said
A complete Newb to Real estate.
23 January 2025 | 2 replies
Hi Everyone, My name is Moustafa and since my wife and I just got married we are looking more into our future to be FI.
Farnaz Z.
How to screen a tenant without a social security number?
13 January 2025 | 4 replies
If they get married it will help her earn SS benefits, etc etc.
Johnny Bartel
New member looking for advice on getting started!
12 January 2025 | 4 replies
My fiancée and I are getting married in November and will be moving into a different rental in another part of town shortly after.
Panos Coufos
HELOC to Fund Downpayment on Next House Hack?
23 January 2025 | 1 reply
For reference, I am 30 years old and not married.
Sung Yu
1031 fourplex into a single family
23 January 2025 | 5 replies
This defers capital gains and depreciation recapture taxes on the sale of your fourplex.After converting it into your primary residence, you may qualify for the primary residence capital gains exclusion ($250K single/$500K married), but only for appreciation after the conversion; gains from the rental period remain taxable.
Kendall Brutus
I'm back and let's chat.
22 January 2025 | 4 replies
At the time, I had just graduated with a physics degree, landed a great job in the Bay Area, and was newly married.
James Boreno
Do I have to pay Capital Gains?
22 January 2025 | 5 replies
Similarly, the sale ($575K) minus your adjusted basis determines your capital gain.You may qualify for the primary residence exclusion (up to $250K single/$500K married) if you lived there 2 of the last 5 years.
Noah Laker
TAXES: Divorced client wants to sell
17 January 2025 | 3 replies
If the client is in CA the community property state laws may help here (not entirely sure) depending on when the property was acquired but it would be a great question for an attorney as Jason mentioned.If they were married and went through a divorce it would be worth looking into how the divorce paperwork stated how that property would be handled.
Melody R.
Thoughts about the virtual CPA firm The Real Estate CPA?
16 January 2025 | 18 replies
An example of a mistake was a line item for alimony that I found on my taxes (I am single and have never been married).
Dallas Smith
Selling 2 properties
21 January 2025 | 4 replies
This exclusion allows you to avoid recognizing up to 250,000 of gain (500,000 for married couples) on the sale of your primary residence.Regarding your investment property in LA, it does qualify for a 1031 exchange.