Roxanne Whitaker
MD Tax Law on Out of State Investment Owners
15 January 2025 | 1 reply
If you live in the home for 2 out of the past 5 years and move out of state you may be exempt from the tax.
Cesar Cordero
Property in Isabela, PR, investment has not been completed/finalized
23 January 2025 | 0 replies
Investment Info:
Large multi-family (5+ units) buy & hold investment in Plymouth.
Purchase price: $150,000
In the process of buying 1.21 acres in Isabela, Puerto Rico. Isabela is a town on the north ...
Cesar Cordero
Property in Isabela, PR, investment has not been completed/finalized
23 January 2025 | 0 replies
Investment Info:
Large multi-family (5+ units) buy & hold investment in Plymouth.
Purchase price: $150,000
In the process of buying 1.21 acres in Isabela, Puerto Rico. Isabela is a town on the north ...
Edgar Duarte
should I sell NOW to avoid taxes or hold it for appreciation?
22 January 2025 | 4 replies
At a 7% annual return, this could grow to $908K after 10 years, providing immediate liquidity and diversification.Alternatively, holding the property could yield $825K net equity after taxes in 10 years, assuming a $900K sale, with the potential to defer taxes via a 1031 exchange if reinvested into another property.
Tim Johnson
Is Real Estate the best way to reduce your taxes?
18 January 2025 | 5 replies
The absolute best way to avoid taxes is not earn income.
Tom Rairdon
Tax considerations when selling a short term rental
12 January 2025 | 8 replies
I’m in the 33% tax bracket through my real job and this could be a big difference in taxes owed if we sold the property?
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 $45k in state tax liability.You advised your client to wait past the expiration of state statute.
Michael Plaks
Reminder about TurboTax, H&R Block and avoiding tax professionals
15 January 2025 | 3 replies
This is a screenshot from a private Facebook group for tax professionals.
Joey Chalhoub
Tax Lien Foreclosure and Supreme Court Case
11 January 2025 | 5 replies
Home went to tax sale county kept excess proceeds.
Chinku Chinku
Need Advice on refinance and long term plan (First Time Investor)
23 January 2025 | 8 replies
It took quite a good time (~6months) even with a property manager but finally found the renter after rent decrease by 200$.