We are in the process of getting ready to close on an investment house we will rent out as a short term rental. I was planning to create an LLC for the investment and use it for all expenses and income related to the ...
I am looking at purchasing my first property, a duplex, to live in and rent for a few years. Eventually I will move into my own place and keep the duplex as a rental. I have the option to take physician loans which r...
I've performed searches on this topic and cannot find anything definitive regarding my inquiry, so posting my own.
What will be the depreciation recapture tax rate I have to pay when liquidating a rental - flat 25% o...
Hi everyone,
I plan to sell a house and do a 1031. Are there any tips to avoid out of pocket expenses? Ideally I'd like to find ways to pay for expenses without having to pay from my own
- $12K roof repair before se...
I have two rentals along with primary residence. Now the rental income is increasing my tax burden as an income. Any strategies i can use to reduce this rental income? Should buying another property would help? Any po...
I am currently house hacking and occupy nearly 50% of the square footage. Our unit is also going to be the primary rental unit when we move out and will pull in the majority of the income. Our unit has been kind of ru...
I am selling a home in Georgia as a non Resident.I am told a 3% of Cap Gaines will be with held for the GA IRS.I read that GA Capital Gaines tax is 6% and they seems to be no Long term/short term differential.I unders...
So “someone” has a business that is throwing out nearly 1.5 million dollars profit per year after reinvestment into business. Now taxation is horrid in this income.
So I can obviously lease the office building back...
Want to pay less money to the IRS in 2024? We’ve got the real estate tax strategies to help you do just that. And get this—you don’t need a large real estate portfolio to benefit from these money-saving tax tips!
W...
Hello,I am new to the world of syndication (LP investor) and want to understand how taxes at a high level for syndication as LP before asking individual specific questions to my CPA.Notably, I want to understand how p...