Julia Taylor
Rookie question on keeping proceeds from sale liquid
17 July 2024 | 4 replies
With your primary you have a 1021 exemption you can use up to $500K (Married Couples) and if there is any gain above that then you will also have capital gain taxes on that.
Saurabh Kukreja
Does buying a Rental Property makes sense in this high Interest rate market?
17 July 2024 | 7 replies
The old adage is that you "marry the property, but date the rate" meaning that you can refinance down the road to lower the rate if the opportunity arises.
Jieun KimCaywood
Got a House as a Gift and Now Starting On...
16 July 2024 | 2 replies
Let me share my story.As the title suggests, I received a house as a gift from my father-in-law upon getting married.
Arjun S.
IRS Section 121 tax question upon sale
16 July 2024 | 3 replies
In June 2022, I got married and my wife moved in, and around that same time, all the tenants moved out.
Elena Dubinski
Tax Lien Wealth Builders
15 July 2024 | 50 replies
The advertisement includes the delinquent taxpayer's name and a reference to the county's map-block-parcel number for each property.
Stuart Udis
Evolution of Syndications
17 July 2024 | 5 replies
I meet the requirements for an accredited investor and so do many people in the San Francisco Bay Area (pretty easy for a married couple with $300,000 income, lots of people in that situation).
Petar Stojanovski
Affordable venues for a wedding reception in Temecula?
15 July 2024 | 2 replies
I'm excited to share that I'm getting married in April 2025.
Evelyn Guo
K1 loss tax report for non-resident state (NC)
13 July 2024 | 10 replies
This is specifically what the Colorado nonresident statement is addressing.Colorado is one of the few states which explicitly mention this in their instructions.When you receive a state K-1 which reports positive income for a state, this doesn't take into account prior passive losses as it is up to the taxpayer to allocate income/loss to the specific state on the state tax return.
Noyessie Hubert
Buying house with tenant inside that pay half the market rent
16 July 2024 | 26 replies
Get a feeling if they're married to the unit or if they might flea if you raise rents.
Seven Mata
House Hacking Still A Thing?
14 July 2024 | 12 replies
This way the first $250k (if single) or first $500k (if married) of the profits are tax free.