Aaron Smith
Trust --> C corp to a S Corp
I am currently working with the owner of a large mobile home park, and he would like to sell, but is worried about tax implications specifically due to the fact that he holds the property in a trust and changed the pr...
Matt W.
Possible 1031 trap/backfire?
Hi BP,
I've heard different answers about 1031s so I'd love some clarification: (using simple numbers and assuming I hold for 2 years, leaving out depreciation and selling costs, and making the differences in purcha...
Lance Lvovsky
Ultimate Guide on Opportunity Zone Tax Incentives!
Last Friday, the Treasury released their Proposed Regulations [REG-115420-18] on Opportunity Zones - possibly the best tax shelter created, ever! At Marcum, we are hard at work putting together insights as we peruse t...
Clay Teegarden
Fix and flipping tax implications.
Hello all! I currently have 2 single family rentals but am looking to delve in to fix and flipping as a way to supplement or hopefully replace my W2 income. I have 2 questions as it relates to taxes for fix and flippi...
Bryant Harvey
Capital Gain Taxes
We are looking to sell a couple single family homes in Indiana. We have held them for 8-10 years. Is it better to sell them in different years to save on the capital gain tax? I've heard that if you sell them both in ...
Jack Cod
Oppty Zones recycling Capital Gains separate from Losses?
Everyone knows that Capital Gains can be put into Opportunity Zone Funds to defer taxation for 7 years.But what about if you have a mix of gains and losses -- can you elect to treat the gains as gains and invest in OZ...
Alex Howard
What are my short term capital gains tax?
My wife and I are in the 22% tax bracket for our employment income. Is the rate my short term capital gains taxed at dependent on the amount I make from the sale of my flip or is it taxed at my income rate (including ...
Buddy Holmes
Call for a simple equation for new Basis in 1031 Exchange?
How to Calculate new Property Basis in 1031 Exchange
Define terms:
Property sold
P1 = Original Purchase price of property exchanged
TDP1 = Total Improved Property = P1 – LV1
LV1 = land value when purchased
TD1 =...
Account Closed
What kind of LLC do most owners have for their multiple properties in Washington DC?
Hello
I am just new to this forum since yesterday. I was pretty excited to have found this site and I believe all information shared in this forum is truly beneficial for all real estate investors.
I just wanted t...
Tyler Rowley
Hard / Private Money Math Examples
Hey everyone. Can you write out some easy-to-understand examples of the math for paying back a hard or private lender? This is how I learn. I love to see realistic examples. What are the exact math equations for your ...