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21 January 2025 | 31 replies
I'm in the market for entity config and tax planning/prep.
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6 February 2025 | 2 replies
$60k profit pre-tax.
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27 January 2025 | 6 replies
To defer all tax you must purchase in total at least as much as your net sale.
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19 January 2025 | 269 replies
Does Bigger Pockets have a clever scheduling function on it at all?!
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30 January 2025 | 4 replies
From a tax perspective, you'll want to take what you paid for the property plus calculate the improvements you made to the property during your time of ownership.
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27 January 2025 | 5 replies
If 1031 is to be implemented it must be done on the property level.2. 1031 generally does not apply to IRAs since they are tax-exempt. 3.
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8 February 2025 | 13 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.
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23 January 2025 | 5 replies
There are two reasons this is a bad idea.Investing with an SDIRA (assuming it is not a Roth) will often result in paying significantly more taxes.
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7 February 2025 | 12 replies
So if you buy a 5 bedroom house and rent the spare 4 bedrooms = you can still sell tax-free under the 121 (you just pay back depreciation) If you buy a duplex and rent 1/2 and live in 1/2.
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22 January 2025 | 4 replies
Be sure to hold a hefty reserve to handle on-going maintenance, capex, taxes, and insurance.