Hello BP Community—hoping to get some help here on a 1031 exchange.
I am currently considering selling one of my investment properties that I had purchased prior to my wife and I being married. I am the only one on ...
I work full-time and have a side gig as a Realtor. I will probably only turn over about 6-10 transactions a year, equating to $14,000 to $24,000 gross additional income. I've read through the Self-Employment tax docum...
2018 is comming up fast and Washington is debating a tax reform bill. I have not heard anything local from Milwaukee or Wisconsin State level, but I would be curious to hear comments on the proposed tax bill on a fede...
Looking for advice - purchased first STR 2023 and we qualify for active income based on rule 3 of the material participation test. Current CPA says we can't take losses off of W-2 because W-2 income is greater than 24...
We live in Salt Lake City, Utah and we bought a house a little over a year ago as our primary residence. We will be selling it for a profit that will put our annual income well over $80K for the year but want to make ...
Hello BP community, My wife and I own 4 rental properties in Denver, 3 of them single family homes and one is a duplex. This year we are planning to sell one single family home and possibly another if capital gains do...
UsaToday had an article the other day on social changes in our country.
The % of babies born to single moms has risen about 1% per year each of the last 5 years. It now stands at over 45% of babies born. My guess...
Hi all - new to the community and wanted to ask a question about the real estate depreciation / cost seg strategy and using resultant depreciation to offset W2 income. I understand this is a long-discussed topic but h...
I have a rental property that I’m getting ready to put on the market. It was my first property I purchased. I will like to do a 1031 Exchange. The property is in Missouri and can sell for 150k. I will like to buy 2 sm...
I have an issue coming up were my parents are selling there investment home of 6 years and want to re-invest in another state. However, will they avoid paying capital gains if they buy a property acouple of months aft...