Bruce D. Kowal
Being clever when dealing with IRS and State at the same time
17 January 2025 | 1 reply
And must be pretty significant unreported income if it would have caused $45k in state tax liability.You advised your client to wait past the expiration of state statute.
Anil Shah
Using Agent Commission towards down payment for my own Investment Property
24 January 2025 | 10 replies
Now I can see some builders having an issue with comps.. but other than that its crazy to take these funds as income and then pay tax and plow it right back in..
Pixel Rogue
Real-estate Exit Plan
20 January 2025 | 6 replies
So if you have the property for a total of 10 years, moved in at year 8, little value or tax advantage.
Kin Lay
How to transfer my share of the house to my brother?
14 January 2025 | 5 replies
Hi Kin,Transferring your share of the property to your brother may have tax implications, including gift tax if the transfer is considered a gift.
Lauren Ruppert
Can an LLC (sole proprietor) sell a property to an LLC belonging to a son/daughter?
22 January 2025 | 5 replies
From a tax standpoint, there are additional disclosures to make when selling a business asset for less than fair market value to a related third party.
Lacey A.
Rent to Myself
20 January 2025 | 5 replies
Repairs made while the property is your primary residence are not deductible, but improvements can increase your cost basis, reducing future capital gains tax when you sell.
Mark Gomez
Rent vs Sell a paid off home
24 January 2025 | 9 replies
The cashflow should cove ALL of the expenses for the primary (mortgage, taxes, insurance, utilities, etc) AND put money in their pocket.
Chris Clarkson
Selling business/building and want to reinvest into real estate
17 January 2025 | 11 replies
This will also allow you to avoid taxes on the sale.
Matt Wan
Getting a mortgage as a non-resident US citizen
23 December 2024 | 15 replies
I work a lot with investors outside of the US from a tax perspective but from a mortgage perspective, as mentioned above hard money or DSCR is probably your best bet.
Niklas Zhu
Cost segregation recapture on a teardown property
23 January 2025 | 1 reply
My question is do I have to recapture all the depreciation for tax in 2025?