I have a rental property that was originally purchased  as my primary residence. I rented it for several years and now want to occupy it again as my primary.  If I occupy for two years can I then sell and be exempt fr...

We live in Utah.Married in 2013. File our taxes as "Married-filing-jointly".We own several rental properties, each solely under either my name, or my husband's name.We live in a house which my husband bought and has l...

Hey All,
My wife and I have gotten ourselves into a bit of a pickle. We bought and renovated a duplex in Tacoma, WA in 2020 before getting married in early 2021. Between the wedding and a variety of other excuses we ...

i've been in my home for 4 years.  I'm debating whether to sell it or rent it.  If I rent it and then go to sell it x years down the line, do I still have to pay capital gains since i've lived in for 2+ years?  Or do ...

What’s the difference when it comes to taxes? What can you write off as a “Professional” that you can’t as a Non Professional. I’m referring to the IRS terms for investors and the differentiations.

My mom is planning to sell a house that she has lived in the past almost 20 years.However, the house in under my grandma’s name (who lives out of the country), but my mom has paid for the property taxes every year, al...

I’m confused about whether or not I need to make an estimated tax payment. I’m researching online but I’m finding conflicting information. I sold a rental property last month. I am not doing a 1031 exchange. I read on...

HELP OFFSET HIGH W2 INCOME! As the end of the year quickly approaches, I have maxed out my 401k and wife’s 401k and both IRAs. We have a primary residence and a Airbnb rental unit that we own and manage. We purchased ...

1) If you own an investment property, with 1031 Exchange I can sell the investment property and buy a like-kind property and defer capital gain taxes. Correct?2) If you own an investment property in Texas, and if anyt...