Marcus Welson
1031 exchange identification deadline extension
9 December 2024 | 2 replies
I am an affected taxpayer as the property sold was located in Miami-Dade County and I a reside in Orange County and both counties are named, covered disaster areas.
Michael Plaks
DEBUNKED: EOY tax planning "tips and loopholes"
23 December 2024 | 12 replies
This has to do mainly with the timing of property tax payments for your own home (not for your investment properties) and your charitable donations.
Matthew Steele
Lost lease, tenant issue
4 January 2025 | 11 replies
The tenants in back apartment were married, was informed by the female that they were getting a divorce but she would be fine paying rent alone.
Avery Oblepias
Section 8 Tom Cruz
5 January 2025 | 21 replies
He isn't married, he doesn't have kids, he doesn't have family values.
Andre Bertoncin
Buying my first home Denver. $100k saved
24 December 2024 | 9 replies
Quote from @Andre Bertoncin: Hi, im 34, married w/ 2 young children.
Selim Tezcan
Used as Primary Residence then Fixed and Flipped
19 December 2024 | 1 reply
Living in the property for two years likely allowed you to claim the capital gains exclusion... up to $250K for singles or $500K if married.
Claude Diehl
Sell a Solo 401K property with owner financing
23 December 2024 | 6 replies
It's a good way to marry rehabbing distressed real estate equity capture with long term note income for retirement accounts for those that are interested.
Landon Sheveland
LLC for Renovation Costs
23 December 2024 | 3 replies
When selling a primary residence you have lived in 2 of the previous 5 years you get a tax exception on profits of $250k for a single person and $500k for a married couple filing jointly.
Julio Gonzalez
Cost Segregation FAQ
31 December 2024 | 3 replies
This is due to bonus depreciation which allows taxpayers to deduct 100% of qualifying property costs in the first year, in addition to regular depreciation for new construction and improvement.
Paloma Wodehouse
High Priced First Buy
8 January 2025 | 9 replies
As a married couple, you can also take advantage of the $500k capital gain exemption.