Martin Z.
high property tax assessed on retail property purchase in California
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 ...
Justin Petrides
Investing profits from one sale to fund another purchase
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...
Bryan Hancock
Would You Trade Your Real Estate Tax Deductions For a Simpler Tax Code?
I am consistently baffled by the complexity of the tax code in the U.S.
What percentage of the tax "savings" that you realize each year go to pay for overhead associated with preparing returns, planning, advice, etc...
Dina Harleth
Calculating capital gains on sale of gifted house?
Hi everyone,
I'm contemplating selling a house that was gifted to me by my father while he was still alive. I'm trying to calculate what I'd net from the sale of the property (to make a comparison between sel...
Matt Brown
Taxes of flippin' a property
I'm more interested in holding out and renting out a property than I am flipping one, but if I did find one for a good enough deal and managed to get rid of it fairly quickly, what are the taxes like?
I suppose there...
Dee M.
Investment monies
I know there are some incredibly experienced and smart people on here, so I am hoping I can get some help with this question in which my contractor who does fix and flips also, STRONGLY disagrees with me. He has some...
Shane Woodman
Tax question. I did not benefit?
Hello BP community. 2018 was my first year investing in real estate. I was hoping to see some tax benefits, but my CPA sent me this note:"And what I suspected did happen related to the rental. Your income was too hig...
Charles Kagahastian
First Commercial Poperty For Me... IS THIS A DEAL?
hey everyone,
so i went to go see a property in jersey city, NJ on sat. It was my first walk through with a property. It was an amazing experience for me. But I wanted ...
Josh M.
Rental Property Tax Strategies - First Time Filling
I apologize in advance for the number of questions. I have tried to phrase them in such a way that it provides my conclusion and I am mostly looking for confirmation.If a CPA wants to do a quick review my return and d...
Lance Lvovsky
Ultimate Guide on Opportunity Zone Tax Incentives!
Last Friday, the Treasury released their Proposed Regulations [REG-115420-18] on Opportunity Zones - possibly the best tax shelter created, ever! At Marcum, we are hard at work putting together insights as we peruse t...