Hey Everyone,I'm looking for some advice on how to best defer capital gains taxes on my next fix and flip project. I'm partnering up with my brother in law to flip a house that he owns but has been renting for just u...

I have always thought it was at the capital gains rate, but someone today told me that the gain on the sale of a primary residences is taxed at the ordinary income rate. Can someone clear this up for me? Thank yo...

Hello,My wife and I are looking at doing a 1031 exchange and purchase a property on the Oregon Coast. We understand that it's not very realistic to expect that a vacation rental will be the greatest investment but thi...

Hi all,
Wanted to pose an interesting question for feedback:
Is there anything in IRS section 121 that speaks to the impact on holding periods when there is an increase in ownership interest in the context of a prop...

Interest article published by Kiplinger for the most tax friendliest states for retirees. The darker green states are among the most tax friendliest states.http://www.kiplinger.com/tool/retirement/T055-S001...
Georgi...

Here's my scenario: I had a primary residence I lived in for almost 10 yrs (2000-2010). I then converted it to a rental in 2010. My tenants had a house fire...total loss in Dec 2011. If I collect on insurance an a...

Hello Everyone.  Forgive me if this has been covered, but I am a new member.  I have a property that is personally owned (by husband & wife) and mortgage free/unencumbered.  The property has increased in value sub...

Hi All--my husband & I are in the process of selling our primary residence in Los Angeles.  We have a lot of equity, we've been in it for 20 years in a trendy neighborhood.  We bought the home for $230K.  We may h...

Bought a home for $170,000 in 2010.  We spent $94,780 in capital improvements/renovations before moving out in 2020.  We have been renting the house for the last three years ($27,240.00 annually in rental receipts).  ...

Hello all, we own two rental properties in Nevada and a house in California with no mortgage. We inherited the house when my moms parents passed away back in 2008. My parents are getting a divorce and mom wants to ta...