Kyle Stanley
Taxes owed on sale of a 1031 property in less than a year
Question for the 1031 QI’s and the CPA’s. We bought a STR in the Smokies in September 2022 using 1031 proceeds from sale of a LTR we owned for 2 years. It is draining me and we need to get rid of it. Our intent was ...
Eve W.
Real estate loss in 2013, could it be carried over to 2014?
My real estate wholesale business had a loss of over $8K in 2013 and I was/am not a RE professionals regards to IRS terms. I had profit in 2014 for wholesaling of over $15K. Could the 2013 loss be carried over to 2014...
Joe Donlevy
Property Tax Calculation in Oakland co
I am looking at buying a sfh rental in Oakland County and trying to calculate the proforma property taxea as an investor. If I use the calculator on the state website https://treas-secure.state.mi....If the ourchase p...
Dave Smith
Depreciation accounted for in analysis?
When analyzing cash flow, and with respect to depreciation:Do I calculate depreciation into cash flow projections?If so, is it on the total price, or just the building and not the land?And, is it figured on the basis,...
Michael Win
Rental Income and Taxes
I am doing numbers on a rental complex I am buying and just wanted to make sure my logic was correct. 1. These are rental duplexes. I assume depreciation 27.5 yrs. Also 35% tax bracket. 2. Assume home value is 1 Mill...
Account Closed
Here's How to Calculate Rental Income For Child Support
So, the day has come to finally figure out how much your rental property income will affect your child support payment. You won’t be surprised that many states consider that pretty penny a critical component when calc...
Andrew Postell
Yay! Tax Season! What you need to know on claiming deductions!
It’s tax season! Yay! Can we detect sarcasm when it’s typed out? Since April is fast approaching that means many of us will need to file our Federal Tax Returns. Even if you are filing an extension I have tried to...
Jason Xenakis
Physician in Public Service Loan Forgiveness program
Hello. My wife and I are physicians that like in CT and work in NY. We plan on purchasing our first out of state LTR. I am enrolled in Public Service Loan Forgiveness (PSLF) program and need to pay 10% of my taxable i...
Patrick Flanagan
Rental real estate tax benefits
I’m a little cloudy on the specific tax Benifits you get from owning rental real estate. So please correct me if I’m wrong....I bought a 4 plex this year with a VA loan, it’s considered my primary residence. I don’t m...
Kurt Granroth
Estimating Schedule K-1 as LP prior to investing?
I'm trying to track down some real world numbers or estimates of Schedule K-1 statements beyond the high level handwaving on Investopedia and the like. I'm going to make a huge number of assumptions and I want to be ...