Ed L.
Help a Simpleton!
15 September 2012 | 15 replies
The gain from that sale is ordinary income.Now, if you did this and held it as a rental for at least a year, then you could do an exchange into a rental.
Leslie Zhang
Profit Sharing and Tax Responsibilities...
25 December 2012 | 6 replies
Ordinary partnerships (which is any group of entities working together, with or without any formal entity) and multi-member LLCs don't have dividends.
Noble Evans
I have a good flip deal at 70 % arv, but my lender is still nervous
26 June 2013 | 9 replies
Multiple other rehabs, if they don't sell, will hurt of course.There is no capital gains tax here, it's all ordinary income, self employed.
Jimmy Park
4-Plex
27 October 2014 | 9 replies
I use $600 per unit for capital replacement reserves for an ordinary property.
Account Closed
multiple self directed retirement accounts
8 August 2012 | 16 replies
Brandy Y. and Steven Hamilton II regarding the back door roth. when I convert my traditional IRA to a Roth will I have ordinary tax rates apply to the amount converted?
Dan Griffin
Ideas: 24th month free or reducing rent?
17 February 2013 | 7 replies
This is just an ordinary rental.
Maher Bateh
capital gains tax?
3 April 2013 | 21 replies
No, flipping houses will generate income that is subject to ordinary income taxes at your marginal tax rate.
Deborah Smith
Opinions please - help my mother!
22 January 2014 | 24 replies
Its treated as ordinary income, not capital gains.
Gil Estupinan
Tribute to my father -- How real estate investing built a legacy.
29 March 2018 | 37 replies
Being a Brit I now can't understand this stupid embargo.
Lizina Green
Seller Financing and Taxes
12 November 2018 | 9 replies
This rule also applies to real property held for sale to customers in the ordinary course of a trade or business.