Paul Gamber
Do I need a 1031 exchange in my situation?
13 October 2024 | 8 replies
And, if Demorats are elected the favorable treatment will probably go away because they hate favoritism for capital gains.
Jeremy Beland
My First Wholesale Deal – Lessons in Trust and Persistence
11 October 2024 | 8 replies
She needed to sell quickly to afford cancer treatment in Chicago that her insurance wouldn’t cover.
Slawek Jakubowski
K-1 loss (box 2) vs capital gain from sale of investment property
13 October 2024 | 11 replies
You should be able to see this on your return, both treatment and election.
William C.
Cost seg depreciation recapture model
13 October 2024 | 11 replies
Compared to pre-TCJA rules, there is no material change in the tax treatment of a building involved in a like-kind exchange, where a cost segregation study has been performed.
Patty Mac
put siding on in 2023, but paid in 2024
8 October 2024 | 4 replies
However, the exact treatment may depend on your accounting method (cash vs. accrual basis), but most individual taxpayers use the cash method, meaning they typically report expenses when paid.
Nate Armstrong
Is a huge real estate crash coming soon?
21 October 2024 | 176 replies
I dont think first time buyers usually even know that after owing the home and living in it for 2 years any profit up to 250k for single and 500k for married is tax FREE. the absolute best tax treatment we have in the US. in Markets that dont move as much might not be the same benefit..
Kegan Brenner
What does diversification look like to you!?
14 October 2024 | 37 replies
Many syndications provide tax benefits such as depreciation, which can offset income, and some offer favorable capital gains tax treatment when you sell.Municipal bonds are another tax-efficient way to diversify, as the interest earned is generally tax-free at the federal level, and sometimes state level too, depending on where you live.
Roy Mitle
K1 challenges on syndication
8 October 2024 | 11 replies
Consult a CPA who knows what he is doing and file this: Notice of Inconsistent Treatment I have done this several times for investors who got screwed by the GP.
Amanda Paugas
Sober living house
8 October 2024 | 23 replies
A Recovery Residence that claims to offer services should be classified as a Residential Treatment Center-which includes staff and usually medical personnel.
Alex Castillo
Destruction of Premise, How to evict?
4 October 2024 | 3 replies
Bill the tenant for the damage and flea treatment.4.