Richard Chang
Tax Due when selling part of 1031 Exchanged Property
Hi BP'ers and Pros,I am considering buying multiple SFRs in a 1031 Exchange of my Tri-plex.Obviously, this will defer any taxes, capital gains etc.So for a simple example, I will buy 4 x 250K = $1M in a 1031 Exchange....
Kimmy G.
Bought an apartment building in Opportunity Zone
Hi everyone,
My friend and I bought an apartment building in 2018, and it turned out to be located in an opportunity zone. Are we qualified for the tax benefits for Opportunity Zone, for example the step-up in basis ...
Tim Porsche
Refinancing a Primary Residence Post-Flip
Hey All, got a quick question for you about a hypothetical situation. If you buy a house with a conventional mortgage, as your primary residence, and do a live in flip, then you go to refinance it after a year based o...
Account Closed
How to avoid capital gains
We are selling a primary residence which was a rental for the last year. Since we lived in it for 2-yrs within the last 5, we qualify for the $500k capital gains exclusion. However our profit will exceed that by $150k...
Scott Johnston
Cash out refinance distribution to investors (tax implications)
We are looking at building a model where we refinance to pull cash out and return capital to LPs. Typically cash out from a refinance is not taxable but does it become taxable if excess is given to LPs beyond their in...
John Hager
Funding question for a 506b syndication, reg D
I had a tax related question regarding a self storage investment I am getting into. I am trying to figure the best way to fund the investment - either cash or through cash in a self directed (traditional, not Roth) IR...
Brian Gibbons
Bernie Sanders - Not Good for Flippers - Increase Taxes
https://papersourceonline.com/sanders-goes-after/ link
Bernie Sanders Goes After Real Estate Investors
By W. J. Mencarow
Sen. Bernie Sanders wants a 25% “house flipping” tax levied against investors who sell a pro...
Robin Evans
Self employment or long term investment income
Tax season! We bought a property in 2022, remodeled and sold it in 2023, over a year after the purchase. We did most of the rehab work ourselves. Will the profit be counted as self- employment income or long-term inve...
Pavan Sandhu
Capital gains tax calculation
Hello, I am looking to purchase a home. It’s been in the sellers family for many decades until he inherited the property in the 80s. If/when he sells he will be hit with capital gains taxes. As a buyer I’d like to cal...
David Chance
Selling my rentals - Tax ramifications
Hi,I plan on getting out of rentals because it is becoming harder to be a landlord in Maryland.I'll be selling them.. but was wondering if it is a bad idea with regard to taxes to sell all of them right away.I underst...