Victor Yang
if i gift a house, is the cost basis what i purchased it for or the FMV?
24 January 2025 | 8 replies
It is my understanding that the new owner will have the house at the cost basis of my purchase price, for calculating capital gains taxes or depreciation.For gift tax purposes for you - FMV.For capital gain tax purposes for the recipient - your original basis/purchase price
Caryn Fischer
Tax question with selling a house
22 January 2025 | 4 replies
For 2024, the annual gift tax exclusion is $18,000 per recipient (rising to $19,000 in 2025), and amounts above this require filing a gift tax return (Form 709).
Reginald Cruz
Buyers in Mulberry, FL and/or Dunedin, FL
26 January 2025 | 3 replies
Inbox me what you have!
Paul Lucenti
Strategic ways to scale
23 January 2025 | 8 replies
At any given time there are countless C/D neighborhood properties in Philadelphia that can be leased to a section 8 voucher recipient that cash flows well.
Donald DiBuono
Best Mailer Companies
9 January 2025 | 5 replies
The mailers I receive for my properties are not of a high enough quality, to make me believe the sender understands what gets a recipient to even open or read the mailer, let alone respond.
Joe S.
BOI injunction reinstated again today??
8 January 2025 | 9 replies
Each time I wire funds down to Belize the recipient has to go to the bank and sign why they are getting the funds.
Michael Plaks
EXPLAINED: sending 1099s to contractors and vendors
15 January 2025 | 13 replies
Too many scammers out there.For the recipients, you can mail them a printed copy, email it or even email a substitute statement.
Kin Lay
How to transfer my share of the house to my brother?
14 January 2025 | 5 replies
The transfer may trigger gift tax reporting if the value of your share exceeds the annual gift tax exclusion limit ($17,000 per recipient in 2023).
Michelle Baldwin
PMS Software to Link 2 Separate VRBO Accounts
18 January 2025 | 6 replies
My software allows me to be logged in to several Airbnb accounts at once and it brings it all into the unified inbox.
Tuan Tran
Section 8 Fort Wayne, IN
15 January 2025 | 7 replies
It is a violation of the HAP contract to charge more rent for voucher recipients than market rate tenants.