Megan Hirlehey
What is depreciation recapture?
Hi BP. I keep seeing the term “depreciation recapture” pop up in my research, and it sounds like a b!tch. How exactly does it apply to real estate investing and on what types of real estate deals would you encounter i...
Tim Leyden
Wholesale Assignment Taxation
What is the tax rate on an assignment fee received from Title?
Eric Williams
Basics of Tax Planning
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 ...
Kimberly Rushing
Seller Financing
Many people proclaim the wonders of seller financing, and claim that one of the primary benefits to the seller is the "minimized tax burden." Can someone please walk me through exactly how this works? I imagine the na...
Julie Hill
Am I estimating capital gains correctly?
Hey all, I have 2 stupid q's:1) I need to put aside $ from a flip we recently sold for capital gains. I am calculating 20% from the net profit (we are in CO)... including AFTER holding costs and reimbursing our own $...
Daniel Suarez
Forming a joint venture after a 1031 exchange
Hi all, I’m planning to do a 1031 exchange of a property under my name to another much expensive property that will need rehab. This new property will be also under my name but I’m planning to do a join venture with s...
Jacob Plocinski
Self Employment Taxes
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...
Nat Serrano
How much will I pay in capital gain taxes?
Hello all, my question is pretty basic but I cannot find a good answer online.
How much will I pay in capital gain taxes?I have a triplex that I bought for 200k 6 years ago, I refinanced to take cash out and now I o...
Trevor Carver
How to Legally Avoid Capital Gains in Utah?
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 ...
Yael Fuerst
Taxation of Profits from Loan Interest as an LLC
Hi,I have an LLC that I opened for my real estate properties and have an opportunity to loan $30,000 for 10% over 1 year. My question is what would be my tax on the profit? From reading other posts do I understand cor...