Kyle McShea
New Homebuyer Here! Questions on FHA Loan, Property Tax Assessment, and More
2 July 2024 | 1 reply
It makes sense from surface level but I feel like there's some deeper insights I can learn from understanding the value proposition.REI is ****ing sickI have learned so much in the past 24 hours after signing an offer I hope I crack a smile on one reader reflecting the beginning of their journey.Appreciate all and any insight
Marcus Amison
Can an LLC formed in one state buy property in another state?
1 July 2024 | 13 replies
Readers are advised to seek professional advice.
Adam Burrows
How to Avoid "Piercing the Corporate Veil?"
1 July 2024 | 5 replies
*Please note that this post is for general advice only and does not constitute or in any way form an attorney-client relationship between the reader and the maker of this post.
Ryan Shekell
John Campbell
LLC vs Umbrella Insurance vs Other Options
28 June 2024 | 10 replies
Readers should seek professional advice.
Arda Bircan
Material participation hours for STR Tax Loophole
27 June 2024 | 10 replies
Readers are advised to seek professional advice.
Armand Gray
Understanding "Transfer on Death" (or similar) and buyouts for TOD contracts.
27 June 2024 | 4 replies
Readers are advised to seek professional advice.
Aashrit Luthra
Negative Cash Flow Impact on W2 Income Taxes
26 June 2024 | 2 replies
Readers are advised to seek professional advice.
Igor Balakhnin
Do you pay capitol gains tax on owner occupied duplex at sale?
27 June 2024 | 26 replies
Not a cpa, not a lawyer, just a reader....TBS.I’m pretty sure you’re generalizing at least a couple ideas...The best you’re going to do is tax free on the side you lived in, if it’s under $250k or $500k if married, you’re going to owe capital gains tax and depreciation capture on the rental side regardless You have to have lived there as your primary FIRST, if it was a rental first, you’re going to owe capital gains and DR on the percent of time the half you lived in was a rental, and 100% of the other unit.
River Ayton
Capital Gains Tax
25 June 2024 | 8 replies
Readers are advised to seek professional advice.