Jon Ankenbauer
Best Way To Transfer Land From a Family Member
28 January 2025 | 8 replies
In that case you might save taxes building with them.
Sung Yu
1031 fourplex into a single family
23 January 2025 | 5 replies
However, there is no specific holding period contained in the tax code or regulations and there is no "safe harbor."
Lacey A.
Rent to Myself
20 January 2025 | 5 replies
Repairs made while the property is your primary residence are not deductible, but improvements can increase your cost basis, reducing future capital gains tax when you sell.
Michael James Hamlin
Looking to network/partner up.
27 January 2025 | 6 replies
@Michael James Hamlin I'm a former tax accountant/business consultant turned fix n flipper and investor friendly agent.
Marc Zak
LLC Insurance and Taxation
31 January 2025 | 7 replies
However, in California, each LLC incurs an $800 annual franchise tax plus gross receipts fees if revenue exceeds $250,000, and property insurance may cost more.
Nicholas Perez
How I Saved My Grandfathers 2 Family from Tax Foreclosure
30 January 2025 | 0 replies
Unfortunately, he got behind on property taxes and was struggling to keep up with maintenance, so the place was in rough shape.
Angelo Llamas
Taxes on a property that isn’t yet ins service
22 January 2025 | 5 replies
., mortgage interest, taxes, repairs, depreciation) on Schedule E starting when the property is placed in service.
Melissa Stanley
Starting with a Friend (LLC?)
28 January 2025 | 6 replies
Any advice on what setup is easiest and most tax advantaged?
Nicole Graziano
Tax's: negative income made on flips
3 January 2025 | 4 replies
@Nicole GrazianoI recommend that you have a consultation with a real estate tax accountant regarding your taxes.Bigger Pockets is a great place to find a real estate tax accountant.
Duke Butterfield
Sell or Rent? (Self-Manage or PM?), 4 year-old Primary Residence to Rental Property
27 January 2025 | 14 replies
If you can’t do a 1031 to a non-income tax state, figure out a year when you will have lower income and tax rates ar as low as possible.