I'm looking at a multi-family deal in Oakland and have been reading through the disclosure docs. First time I have ever come across such a messy prelim title report. The sellers haven't been paying their City of Oakla...

I am an wholesaler who recently had a double close. i would like to know the following?
-Are my proceeds subject to capital gains tax?
-If so, What portion of my proceeds will be subject to the capital gains tax? 
...

I have a contractor work on a variety of small fixes when I bought my first and only rental units. Total cost was $1500. Do I need to issue a W2? What other tax information can anyone share.

Thanks

Do flippers get hit with short term capital gains since they buy and sell within one year? How would this be avoided?

Thinking about bidding on a house (for a personal residence), which is somewhat complicated with four liens against it. The foreclosure auction is actually for the second position lien, which was a private business lo...

Hi BP community, My husband and I will be selling our California home early next year and are expecting to have capital gains above and beyond the 121 Exclusion of $500K.1. I have a home business and just opened a Sol...

I've never done a 1031 personally. Would absolutely get someone qualified involved. That said, I have a client with a condo she bought for $100k and is now selling for $190k. In order to comply with 1031 rules, does s...

Let's say I cash out refinance a rental property; can I still deduct the full amount of interest expense on the new loan, or just a portion of it if I don't reinvest the money cashed out? Please post your source.

I just recently made a lump sum purchase on my credit cards and am currently in debt 44k. I'm not having issues having to pay them but I'm starting to feel the effects of the interest. I've always managed to pay my cr...

Hello!We sold our home after living there for over 5 years. The home had an ADU which we used as a home office. We sold in 2022, and our accountant is saying that we somehow owe taxes on a portion of the proceeds as t...