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27 January 2025 | 15 replies
As U.S. citizens residing in Europe, we are required by the local tax code to hold the property in our personal name.
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26 January 2025 | 2 replies
Where to get the most recent and accurate data for things like:Unemployment dataPopulation growthJob diversity and top employers in the areaVacancy rates (eg huduser.org)Property taxes and jnsurance costsI saw bp pro and reventure and a bunch of other websites provide some of this data, but i wonder how accurate and recent it is.
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29 January 2025 | 6 replies
After 20+ years in real estate partnerships, here's what actually puts you on the IRS radar (and what doesn't):REAL Red Flags That Matter:The Partner Complaint TriggerDisgruntled partner files Form 8082K-1 disputesPartnership disputes leading to tax filingsReal Impact: Instant IRS attentionSuspicious Loss ClaimsLosses exceeding investmentArtificial basis inflationSudden large losses without economic realityExample: $100K investment claiming $500K lossesRelated Party GamesCircular property flipsBelow-market transfersFamily partnership schemes without substanceWatch Out: IRC §267 and §707(b) violationsDebt Engineering Red FlagsBasis inflation schemesArtificial guarantee arrangementsPartner debt shifts near year-endCritical: IRC §752 compliance matters!
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29 January 2025 | 10 replies
Quote from @Fred Scott: Sunrise Capital Investors - Mobile Home Park Investment FundI've seen a few posts about them here but none of them actually talks about what the actual annual returns have been.They are advertising heavily for passive tax deductions which is fine but what are the actual returns over a period of (say) five or ten years?
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30 December 2024 | 6 replies
Baselane has the added advantage of synching with your Schedule E you'll use at tax time to file your taxes.
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22 January 2025 | 3 replies
There are less taxes in Alberta too.
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24 January 2025 | 13 replies
Taxes 10k HOA is 9k The current owner never did short-term rentals.
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23 January 2025 | 7 replies
If so, there are no transfer taxes due.
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3 February 2025 | 37 replies
Plus it's ordinary income so it's a nice tax hit.
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2 February 2025 | 4 replies
Since the trust is a disregarded entity, the benefit is bypassing probate, not tax issues or liability concerns.