8 January 2022 | 14 replies
My duplex has gained about $50K in equity and I'm wondering if I should use that equity towards purchasing another property?
3 September 2021 | 8 replies
Hopefully you can gain access and get the property cleaned up.
31 August 2021 | 1 reply
how much do I owe for capital gains for fed and state?
31 August 2021 | 8 replies
When the taxpayers demolished their existing principal residence, built a new home on the land, and sold it before ever occupying it, the Tax Court ruled the gain resulting from the sale of the never-occupied home did not qualify for exclusion under IRC Sec. 121 (Court case: Gates).
11 October 2021 | 21 replies
Also, this home along with my other rental is depreciated, that means my real estate company, on paper nets zero dollars..... so unto $80,700 worth of stock market capital gains and dividends - are taxed at a 0% rate.
5 September 2021 | 8 replies
After renting out my old home for almost 6 years, I am considering selling it now and curious about capital gain taxes as the house is now worth about $450,000.
19 September 2021 | 14 replies
(3) if we were to pull the trigger on this, we would likely want to do a Section 121 to preserve our equity gains, as much as possible, and pour it back towards the downpayment of the multi-family.
31 August 2021 | 5 replies
I see a great one in the mirror behind my set of free weights.
2 September 2021 | 5 replies
You've got a great situation in that you can sell your primary residence side and take the gain tax free.
2 September 2021 | 16 replies
That would kill solar heat gain from windows.But if you haven't switched the vents for summer, yeah, that's normal.