@Nicole SparkmanCPA/Accountant is a service based profession and the tax code is lengthy and complex.There are tax code sections specifically written for real estate investors, developers, teachers, international residents, various entity types, etcIt is impossible to know the whole tax code; especially with all the changes that occur from year to year.The tax code complexities revolving around real estate include items such asdepreciation, cost seg analysis, 1031 exchange, opportunity zone, short-term rental not subject to SE tax. A

I have two questions on a possible sale trying to avoid as much income tax as we can.  1. 

Yes, multiple issues.The idea is to identify property owners with "perfect storm" situations comprising foreclosure, property tax, as well as other financial issues and potentially health, family and/or legal pressures. 

Hopefully Houston/Harris County/Texas laws are similar.I could not find anything in the Taxas' PROPERTY CODE CHAPTER 92.

Hey Juan - I will soon be moving to Greenville (from Sao Paulo, Brazil).

I presume if he sold the WHOLE thing, he'd pay no tax as it would be his primary residence (except for depreciation recapture on the rented portions).

All of my Texas properties take 2-4 months rent just to pay the Property Tax.Mike, the problem with that is that Texas doesn't have a state income tax. As

Holding them in a C-Corp would subject you to an additional tax, as the corporation must pay a tax, and then the individuals receiving dividends are again taxed on the same income that the corp was taxed on.

Hello, while i was using the fix and flip analysis calculator, i found the analysis shows tax as well. 

The "rain tax" as described here is a relatively small (couple of $ a year) stormwater remediation fee that other jurisdictions charge as well.