Francesco Ponticelli
What happened with the AirDNA calculator?
26 December 2024 | 4 replies
Yeah, I'm really disappointed that they removed the Air DNA from the calculators also!!!
Carlos Rodriguez
New to US market
11 January 2025 | 9 replies
I'm going to reiterate what's already been mentioned above, but I'm going to actually give you examples of why it's relevant to you to find a U.S. tax professional.1 - You're going to need to file U.S. taxes once you have property down here, there's federal filings, state filings, and sometimes local filings too2 - Tons of tax treaties between the U.S. and Canada that are easy to miss and can cost you a lot of money (important one with rentals - effectively connected income - if the professional you talk to doesn't know what this is, run away)3 - The amount of days you spend in the U.S. needs to be tracked and if you go over a threshold, all of your worldwide income could be taxable by the U.S.4 - Selling real property means up to 15% of your sales proceeds might not be available to you for years (FIRPTA)5 - Lots of nuance at the state and local levels, which both want to take as much money from you as possibleMain takeaway here is that you should find a U.S. based tax person.
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.
Ian Russell
1031 exchange question
15 January 2025 | 3 replies
Cash out refinances after a 1031 exchange are not a taxable event.
Tim Johnson
Is Real Estate the best way to reduce your taxes?
18 January 2025 | 5 replies
- Run a cost segregation study on this property in 2024 and you might have $100k on line 18...Without diving too deep on this post - If you run this scenario as a real estate professional while materially participating in the property, You'll be able to reduce your's and your spouses taxable income that year...
Mike Terry
Help Evaluating a small multifamily
18 January 2025 | 12 replies
What is the difference between the Taxable Value and the SEV value?
Daniel Chen
Section 179 Question for rental business
4 January 2025 | 11 replies
The loss created by section 179 is limited to your total net taxable income amount from all "active" business income you have, plus any W-2 income.
Tyler Speelman
Exploring Creative Solutions for Down Payment and Tax Avoidance
12 January 2025 | 13 replies
Transferring a property title later could be deemed a taxable gift if it exceeds the annual exclusion ($17,000 for 2024).
Brandon Stelling
Military Vet investors 100% disability benifits
20 January 2025 | 7 replies
Your tax-free VA disability income helps you qualify for loans and lowers your taxable income.
Chrissy Smyth
Rental in depresses area and minimum requirements
8 January 2025 | 3 replies
Rent cannot be more than 50% of income, 59% if it is non-taxable income.