Bo Edmond
Renting an investment property to family
18 November 2017 | 5 replies
No expenses are deductible on personal days.In this case - The IRS may come and tax you on the rent and disallow you any expenses.On a side note - Allowing a relative to live rent free may require the filing of a gift-tax return if above the annual exclusion.
LaVonna Shannon
Quick Newbie Questions
20 November 2017 | 30 replies
They just sent me a happy 25th anniversary gift.
Brandon V.
Duplex Tenant Drama Issue
20 November 2017 | 3 replies
Once him and his girlfriend moved in, they had got the lower unit a plant as a welcoming gift and in my opinion are just really great people.
Ali Qudsi
Minimizing tax paid on money recieved to buy a house?
6 December 2017 | 3 replies
To make a long story short a relative has given me and my wife a large sum of money as a gift and we want to use this to purchase our first Condo/home.
Monte Dick
Should I️ move in, rent, rebuild and sell or just sell?
23 November 2017 | 1 reply
She is going to put my name on the title and then gift it to me so I️ don’t have to pay for a down payment .
Gary Michalske
Options to Avoid Capital Gain Tax
27 November 2017 | 7 replies
It sounds like the aunt gifted 1/2 of the property to her nephew, based on the above.
Son N.
Second home vs investment property and 1031 exchange
28 November 2017 | 9 replies
You can always use legal means to gift back that rent to them while at the same time establishing the property as investment without displacing them.
Daniel Mills
Cash out refi buy out - tax repercussions
27 November 2017 | 3 replies
A single member or multi member LLC should provide equal protection.Have you looked into your mother gifting her portion of the real estate to you?
Issac Kao
Adding owner to reduce Home Sale Tax on capital gain
27 November 2017 | 2 replies
Be very careful when you are trying to structure things purely for tax avoidance.If you add your son to the title, you made a taxable gift to him.
Teresa Johnson
Fostering Goodwill Amongst Tenants
28 November 2017 | 4 replies
I asked earlier if folks offer gifts to their tenants at the holidays or move in and I got mixed responses?