Hello everyone,My Uncle who is now deceased has left behind an IRA.  The IRA for some reason had no named beneficiary so the estate is now the beneficiary / pass through.  My father is the sole heir to the estate. The...

The Housing and Economic Recovery Act of 2008 includes a provision that modifies Section 121 of the Internal Revenue Code, which is often referred to as the 121 exclusion.

The 121 exclusion allows a homeowner to ex...

Hey guys,If I'm reading this correctly, within the weeds of this massive stimulus bill was a pretty interesting tax loophole....."Businesses with losses can carry back net operating losses (NOLs) to prior taxable year...

We converted a second home in FL to a LTR but have not changed ownership to our LLC. There’s quite a bit of gains and the plan is to 1031 exchange the property, which we’ve never done before, after two or more years o...

Does anyone have advice regarding doing a 1031 exchange, where the goal is to take title back as an individual and dissolve the LLC that the relinquished property was held in (without triggering a taxable event)?I hav...

We got mail that San Jose city will collect biz tax for landlord who own even just one property. The deadline is end of June. We didn’t register biz entity. Just a married couple. What would be best to choose from? So...

I am looking for some tax advice on the sale of a residential property, non investor owned. A client of mine is looking to sell his home, and move in with his girlfriend. They plan on buying a place in the near future...

@Abhishesh Acharya and I have presented some, mostly non-googleable, high-level overview of some tax strategies. I understand this might be very technical for some of us. If these apply to you, please research more, ...

Hi Bigger Pockets members,
I've been on Bigger Pockets for a couple years educating myself on Real Estate investing. I am just recently joining the platform as a CPA and looking to answer any questions you might have...

From CNN. Can deduct unlimited real estate losses off regular wages, no income restrictions, and retroactively to 2018. 
“Previously, if a married couple had depreciation deductions that exceeded their real estate bu...