Anyone worked with a tax strategist they can recommend? I'm particularly interested in the following areas:* offsetting ordinary (w2) income with bonus depreciation (with cost seg) on RE investments as REP* 1031 excha...
in pennsylvania does a seller receive any benefits in regards to capital gains tax. I was working on an agreement for a trip lex when the sellers attorney scared the seller into backing out. The owner has the propert...
Hello! I'm new here and this is my first post on this forum. I have a rental property at the Tidewater (VA) area which has nice cash flow around $700 and about $200K of equity. It is in a nice subdivision and it alway...
I am selling my home (property A) this coming Wednesday (closing) and then doing a 1031. In the doc I signed, I believe I check the case of something like "deferred like property". There is a high chance the new prope...
I'm hoping some 1031 exchange experts might know if it's possible to defer capital gains in this situation: I want to sell several properties owned by a 3 member (all family) LLC (LLC-A) and sell one property owned b...
Hoping a CPA or another person can provide some insight and definitive answers when it comes to land contracts, and tax consequences when selling real estate on land contract. Also, if an asset is held for under a yea...
If my wife and I own our own house which have appreciated well over 1 million, and I would like to use a 1031 exchange in order to defer taxes - I have these questions, let's assume we purchased it for $1 million, and...
Want to get some insight from some people who have done it before. I currently own an estimated worth of about $710k worth of homes and duplexes(according to me) and owe around $188k between mortgages and land contra...
I recently had the opportunity to sell a lot for a good amount of money. I wasn't sure what I was going to do with this money, so of course, I started reading on Bigger Pockets to gain some insight. Dave Foster was ...
Are you navigating a Sec. 1031 exchange or facing deferred tax gains and looking to understand how to optimize your deductions?Today I wanted to share with you how to maximize deductions on like-kind exchanges using c...