Because I purchased a property in 2020 and then sold in 2021, my 2020 taxes had a loss listed on them (both for the business and for my net income).  I'm trying to figure out where to list the loss carryover in Turbot...

According to Forbes, the U.S. has the most High Net Worth Individuals in the world. A High Net Worth Individual (HNWI) is generally accepted as person who has $1,000,000 or more in liquid assets. A liquid asset is mon...

I need some help.  Ok here is the scenario.  I purchased a mortgage note with in my SDIRA the note turned non-performing.  I foreclosed on it. I am thinking this means the property is now owned by my SDIRA. I want to ...

Here's a situation I've come across. How would you handle this?
- A married couple owns a home on Long Island, NY.  They haven't lived together for 20 years- He is an out of state resident residing in Massachusetts,...

I'm under contract for a new home purchase which will ultimately be my primary residence after selling my current home. I'm trying to figure out the best way to finance and avoid capital gains tax. I would like to use...

Hey Everyone,So I've been searching the forums and google for a solid answer but I can't seem to find one. My wife and I will be buying land with an existing home on it to knock down and build a new one. I'm wondering...

I currently own a small single family house outright in PA . I’m looking to sell this and purchase a multi-unit ( up to 4 units ) in Florida . I will be living in one of the units . I’ll be working with approximately...

got a retail location from auction.com it was bought at 500k a few months ago but it came back assessed at 950k. It was previously assessed at 2 Million by previous owners. I was in hopes of it coming assessed at the ...

Okay.. I'm new but I've been reading a lot of posts.  It seems everyone is trying to get their involvement in their rental income business to be "actively Participating" so they can get the QBI deduction, but  I've al...

Cost segregation has been a very popular tax strategy for real estate owners as it can provide significant tax savings. A cost segregation study is a strategic tax planning tool that separates the assets that have a s...