Buyer wants two contracts. One contract for one property for 5 dollars and another contract for the rest. The total selling price for the package would be unchanged. Are there any implications (like taxes) on doing th...
Hey guys,I was wondering if I get an inspection done on a potential investment property, but dont end up purchasing the property, is the inspection cost still tax deductible?Thanks
So I see a lot of questions about ways to lower taxes.
Remember, the objective is not to minimize your tax liability as much as it is to maximize the net present value of the transaction.
As someone once told me an ...
I have received conflicting information and would like some BP input. I have been told that you can carry a loss back two years on an amended Federal 1040 and recover previously paid tax, but the same loss on your Cal...
Tax time again...I had a deal on a commercial property in 2014 that never closed. I lost half of my earnest money as a result. Trying to figure out how to do taxes. The LLC for this deal was only set up for this deal...
Totally out of my depth on this and interested to learn more. I have an opportunity to invest in the Working Interest through a Participation Agreement on an oil and gas "development". However, no drilling is requir...
I am investigating purchasing another long term buy and hold property that has a septic tank. The market I am looking in seems to have decent returns so I am interested but in my opinion having septic vs. sewer is a ...
Considering the tax benefits of seller financing for the buyer and seller.
Hi,
We sold the commercial building and paid off the bank loan, plus personal money to close the deal.
1). Is this company expense?
2). How do we show bank loan pay off and our personal money?
...
BiggerPockets is excited to introduce its newest book, The Book on Tax Strategies for the Savvy Real Estate Investor! Taxes! Boring and irritating, right?Perhaps. But if you want to succeed in real estate, your tax st...