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5 March 2024 | 2 replies
Question for the tax pros out there.If someone inherits a home from a trust after death of the owner, and the home is their primary residence, does the two year period to exclude capital gains on the sale of a primary residence start from the date of death or the date the house was distributed from the trust?
5 March 2024 | 7 replies
Investors can anticipate potential monthly cash flow income that may be tax sheltered using depreciation.
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6 March 2024 | 12 replies
Nevada is also a landlord friendly state with low property taxes.
5 March 2024 | 3 replies
They can ensure a smooth transfer and advise you on potential legal and tax implications specific to your situation.
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3 March 2024 | 5 replies
Reaching out to the BP community for recommendations of tax and legal professionals close to my area specializing in real estate investing.
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4 March 2024 | 3 replies
lets schedule a call and discuss in more detail
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6 March 2024 | 4 replies
The owner wants to minimize the capital gains tax he pays so we want to suggest to him to do a master lease to us for "x" amount of time, and we pay his lease fee and hold the rest of the money in this time we will secure a loan to buy using the money we make as part of the down payment.
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5 March 2024 | 28 replies
I have heard that I should have an LLC for each home but it seems administratively burdensome to have 100 bank accounts and 100 different tax filings, credits cards, checkbooks, etc...
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5 March 2024 | 11 replies
What tax benefits might you receive that could potentially offset some of your tax burden with such high income?