Sean H.
1031 Exchange with Partnership
20 August 2018 | 4 replies
Which is to say you or your current entity (same taxpayer) needs to be on the new deed, since you dont have a partner now the only way to do that is to both you and your partner being on the new deed.
Jacob R.
Dallas Duplex Drama!
18 September 2018 | 16 replies
My monthly property tax payment will go from $218/mo to $627/mo; clearly this will negate my anticipated positive cash flow.I'm looking for opinions on what to do in this situation.
Colton Joseph
Capital gains tax scenario
19 April 2016 | 8 replies
There is a special 2-year rule for the sale of a primary residence that could exclude up to $250K in profit per taxpayer from capital gains taxes.Just because you are in the 10% marginal tax bracket does not mean that all of your income is taxed at 10%.
Anthony Tran
Tax advantage of hiring my young adult daughter to do property management
9 January 2024 | 8 replies
Although I recommend speaking with a CPA first before making any decision.You can keep her as dependent as long as the salary paid is not more than the income of the taxpayer.
Ibrahim Hughes
How negotiable are IRS Liens in a Short Sale?
8 October 2013 | 4 replies
Have the seller sit next to you and call the taxpayer advocate service.
Greg Carr
Finding Vacant Properties
4 March 2018 | 30 replies
Verified by the USPS as vacant and comes with county tax payer information and tax billing address.
Jaden Adams
Dropping out of college
17 December 2019 | 210 replies
If I ran the world I would make the colleges co-sign the student loans rather than the tax payers.
Anthony Muffi
new investor in pittsburgh
9 March 2016 | 8 replies
If you find a suitable abandoned building with property tax payments at least three years in arrears, the program could allow you to rehab the property and have the municipality lawyers clear and transfer you title.
Brendan Carlson
Repairs/Improvements made in 2020, but paid in 2021
1 February 2021 | 5 replies
As you are a cash basis tax payer, the expense will follow the year when it was paid.
Daniel Dietz
Can 1031 be used when selling 1/3 share of LLC that owns property
8 February 2018 | 4 replies
@Daniel Dietz, Think of the 1031 as a sale of investment real estate by a tax paying entity and the purchase of replacement real estate by a tax paying entity.