The IRS has a BILLION dollars in money to give as refunds for year 2011.  The IRS knows that this money is owed to the Taxpayers based on W-2s and 1099s that it has already received, and these Taxpayers overpaid and a...

Hi All,I am claiming RE professional in 2019.  I'm active in managing all my rentals, my flips etc...However, I have a passive loss from a K1 issued by the syndication deal where I am set up a limited partnership.  Ca...

Hello everyone.I'm trying to breakdown how an IRS 1031 extension notice applies to a 1031 exchange. All help is greatly appreciated. Facts- Property Sale/Closing date: October 21, 2024- Property Location: sold in Miam...

My wife owns a condo about in 2008. I married into this pig (the condo, not my wife) as we filed jointly last year. It loses about $500/mo after everything's said and done. Doing the taxes last year it wouldn't let me...

I sold a property that was in my name and would like to use my 1031 to buy rental properties in an LLC owned by a Revocable Living Trust. I understand that the taxpayers from the relinquished property and the property...

Hi guys,
I wanted to ask you if you have had any experience like that:

I have sold a property that was in an LLC. (one member LLC, I was filing the rental income from that rental on my personal taxes/managing it m...

Tax season is in full swing, and for most individual taxpayers, the looming deadline for filing and payment is Monday, April 18, 2022. However, life can get complicated, and if you find yourself needing more time to g...

Anyone out here thought about doing a lease purchase? It has recently come to my attention that the 8k tax credit works on lease purchase deals as well as straight up purchases.
We were quite surprised so I thought I ...

FAQ Coming on Like-Kind Exchange Extensions
Posted on Apr. 15, 2020
The IRS is putting together a FAQ that will clarify the recently announced extension of deadlines for completing like-kind exchange transactions.
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HI,  We are trying to 1031 a single family rental currently in our own names (husband/wife) to a multiplex under a LLC with both our names on the LLC.  We are getting conflicting advice from attorney and 1031 speciali...