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Results (10000)
Michael Plante You pay income tax on your profit when selling correct?
1 March 2021 | 3 replies

Ok I THOUGHT I knew about these things after buying and selling real estate for many years BUT am always eager to learn except when doing a 1031 exchange you need to pay income tax on profit when you sell a property c...

Joe Farrance Looking for Capital Gains answer
18 May 2019 | 5 replies

Hello 4 years ago I got married and we now have 1 house we live in and rent the other one out to a family memberQuestion is:If we sell one or both houses would we have to report the capital gains?Thank you

Ron Johnson The best way to minimize taxes when gifting someone a house?
30 November 2022 | 3 replies

My step mom is giving me a house and we want to be aware of the best options to transfer ownership in my name, while avoiding any heavy tax consequences.  Any insight would be great!

Brooks Conkle Can I rent a property with a tax certificate in hand (Alabama)
26 August 2024 | 13 replies

I can't seem to get clarification on this.  If you purchase a tax lien certificate and the property is vacant, do you have any right to rent it or only to physically secure it?

Bryan C. IRS 2% Fee for Private Lending???
23 March 2015 | 6 replies

I heard mention that the IRS has a 2% Fee that is sometimes applied to creditors and I was wondering if anyone had knowledge on this?  Also, how might I avoid this....?

Maripier Carignan Canadian buying a rental in the State of Florida entity question
30 October 2016 | 23 replies

Hello, I posted in another forum a similar question.. I am curious about what type of entity Canadians investors use for lets say 2-3 rentals in the State of Florida... in term of the less expensive yearly costs and a...

Account Closed Tax Lien Certificate - For Sale
29 August 2019 | 3 replies

I am looking to sell the assignable rights to a tax lien certificate that I won at the Vanderburgh County tax sale on 8/23/2019 for $40,000.  The certificate is for a 5 acre lot of land in Evansville, IN, specifically...

Shawn Melvin Capital Gains on sale of property in Texas 2015
10 February 2015 | 5 replies

Selling my investment property and looking at a profit of around $300k, wanting to re invest in SFR but what kind of taxes would I be looking at(depending on income bracket) and any ways to avoid?

Bob Willis LLC whose only member is my SDIRA buying a property Subject-to - triggering UBIT
5 February 2024 | 14 replies

Hey All,I have reached to my accountant about this but thought I would ask  here to see if anyone has done something similar.An LLC of which I am the manager, and my SDIRA is the only member, is in the process of acqu...

Will Rodgers Contractor or Good Handyman tax liability
25 October 2014 | 8 replies

HI All,Alright, I have read J Scott's book and am aware that you want to hire someone who is licensed and insured etc to do my labor for a flip... But I know someone who is really good at rehabbing but is not licensed...