Just had a random question pop up into my head.
Given that the IRS requires depreciation to be taken each year, what if a person's only income is rental income, and the AGI, is below the standard deduction amount. Ca...

Alright experts need some advice. I have an off market deal I am buying from a seller, roughly $1.8mm, we had many conversations, toured the property, etc. The owner is wanting to fully retire and move out of state an...

Hi All, I recently rented out a room in my house for 3 months.  What all can I write off?Also, he ended up not mowing the lawn (which he was supposed to), and the city came out and did it.  I did have my friend mow th...

I'm selling a property (land) and would like to defer taxes. I've been doing some research on 1031 and do not know if I even would qualify. One thing I have read is that the title must mirror one another (sale and new...

I own with a partner a one bedroom condo in Ft Myers Fl. The condo is fully paid for and is cash flowing nicely My partners is wanting to sell her half to me for $60K, the 1/1's selling @ $130k so this is a fair prop...

Hi All, Is there such a thing as doing a 1031 exchange or a small business. For example if I sold my business then used the proceeds to acquire another one or several? 

Hi. I am hoping somebody can give me a little bit advise. When our permanent residence was build we made sure part of it was set it up to be finished as a mother in law/ duplex. That part of the house is getting close...

The seller is doing a 1031 on a property I'm buying. Can he do seller financing on a part of the purchase and still do the 1031 with the cash received? Is the note balance considered boot?

I'm in the process of selling my rental property. Initially it was my primary residence and eventually I rented it out.About half of the value is a capital gain. A strategy that was recommended to me is a two step 10...

Here are some tips to mitigate capital gains on real estate sales:
Use the Primary Residence Exclusion: If you have lived in the property as your primary residence for at least 2 of the past 5 years, you may be eligi...