Jupin Chacko
Transfer Property in Land Trust to LLC to Rent
Hi everyone. My wife and brother-in-law inherited their mother's house via a land trust and it was great in that it avoided probate. However, we are now looking into renting the property (single family home). My broth...
Curt Bixel
Professional Tax Preparation or Not
For accounting, I use Rentec Direct, which allows me to keep track of all expenses and then prepare reports for all of my properties.The information the system exports seems like it is most of what is needed to prepar...
James Rowe
Primary residence turned to Rental and Capital Gain Options
Looking for advice and first time poster. Thanks for everyone’s open sharing of information and looking for ideas on options
Fiancé owns a house in Denver which she lived in for 10 plus years. She relocated to Florid...
Jay J.
Mom & Pop.. not Trump
Hello Tax experts! I have a question. (and I know nothing about RE taxes)I'm sure most people have heard the latest headline about D. Trump and his (almost) a billion dollar loss that (presumably) he carried forward...
Navdeep Raj
Capital Gains - Investment > Primary
I'm in the process of purchasing an investment property in Austin, TX. Without lot of research I assumed if I lived in the property for 2yrs in the last 5yrs of the sale, I could be eligible for the exemption so I don...
Christine Garnier
Tax Lien Foreclosure Action vs Quitclaim Deed
I bought several tax liens at Alabama auction and I understand that the process to get the title is to file a tax foreclosure action which, based on what the attorney Gregory Stanley is saying and unlike what many art...
Isaac Harsh
Back Taxes: What to do (Repost)
Hello,
Apparently I accidentally posted this topic in the wrong forum, so I will repost in the proper forum now.
As I have decided in the past mo this to peruse real estate, my mom has been supportive but telling me...
Danny Day
Fix & Flip Capital Gains
Can someone point me in the right direction (or refer me to an article) on how much I should expect to hold for capital gains tax for fix & flip deals?
I am in the process of forming my LLC right now, and will be...
Daniel Ordonez
Need a CPA in CA deadline is closing in!
I just started RE investing around Oct and we want to make sure we get our taxes done and as well as all our education expenses. Need a trustworthy CPA who knows CA taxes any recommendations? We didn't make any profit...
Carl L DeCesare
Do you have to pay capital gains tax on stocks if you sell and reinvest in real estate?
I began putting aside a percentage of my modest paycheck and doing side work to come up with additional money to invest in the stock market starting in 2008. From 2008- early 2014 I made very nice gains but they have...