Like the description says... I still have the $2800/yr tax break on a property I have been renting for 2 years from a Residential exemption filed when I was still living in the property. I don't want to get on the wro...
I've been doing work on a couple derelict houses that I bought in order to get them up to rental standards. The City Building Official freaked out that I've not used a licensed contractor for ALL the work..I used sepa...
I have an individually owned single family rental house (not LLC or corp. owned). It should be exempt from Calif. AB 1482 rental increase limitations. But, I have not the given current renters an Exemption Notice (wh...
I was wondering if anyone knows if the 250k or 500k for married couple capital gains tax exemption can be prorated? I’ve lived in my house for 6 months but it’s gone up in value $100,000 and capital gains would make o...
I own a home I've lived in the last 3 years as my primary residence. It's in an area where it would work well as a vacation rental. I'm considering offering a fractional ownership share of it. My questions are as fo...
Good evening everyone.
Does anyone have a recommendation for a lender for Fannie maes delayed financing exemption in the Metairie area? Unfortunately the lender I've recently done business with will do no seasoning e...
Wondering if anyone has come across an efficient strategy for tax free gains through the homeowners cap gains exemption. Example. Find a piece of land with a small house or garage apartment on it. Ideally purchase on ...
Hi!We have lived and owned in our current home since Aug 20 2013. We have just purchased another home to move into. I understand you have to lived/ owned the home for 2 out of 5 years in order to be eligible to be exe...
Hello all,
Quick question to anyone with info about delayed financing. I wonder if this applies to vacant lots also. Any help is appreciated!!!
Do you pay capital gains taxes when you sell in a house that you lived in for two years and then rented out for three? It fits the 2/5 year rule but not sure whether it fits the "primary residence" part. Does the ru...