Jung Won Kim
MultiFamily Refinance Tax and Fee Implications
Hypothetically, if a GP were to refinance and return let's say 50% of the initial investment to the LPs. Is that money taxed for the LPs? I would think not since it is returning a portion of their initial capital, but...
WLD Speculator
Tax Implications of a Short Sale
Could someone enlighten me on the tax implications for the homeowner of a short sale. My understanding is that if they had refinanced there would be a 1099 issued, but if it was the primary purchase loan there would b...
Josh Norris
Raw Land Deed Transfer Tax Implications
Does anyone know whether or not there are tax implications if a family member quit claims a piece of land into my name. I would not be paying anything for the property they would be giving it to me for nothing. They...
Michael Wilson
Tax Implications for first rental property
Hey Y'all!I would love any and all advice on my first potential SFR. My wife and I are moving from Clemson, SC to Anderson, SC and are considering renting out our house in Clemson rather than selling because the marke...
Christopher R.
Tax Implication of a Management Fee
Hi All,My CPA is questioning whether a Management Fee that I am claiming deduction on is appropriate if I am not acquiring these services from someone else. IE, I'm setting aside 10% of total rent as a management fee...
Paddy O'dowd
transfer ownership to son - tax implications
hi - if i transfer an investment property i own to my 18 year son, can anyone advise on tax implications for me and him? he is a student with no income - i bought with cash
Shane Mandl
commercial property (multi-family) tax implications
Hey,Im trying to establish if there are different tax laws for commercial multi-family verses other multi-family ventures? Im looking at 2 options right now, one is a complex of 4 and the other a complex of 5 (putting...
David Baker
Tax implications of a single flip
Hi all, I have read several posts on first flips and taxes but have yet to find the answer. So here goes! My wife and are both employed and in a higher tax bracket. So if I flip a house this year and profit $25k a...
Bryan Petrinec
Seller Financing Tax Implications for Seller
How is income from a seller-financed property treated from a tax perspective? I am considering selling a property that has no mortgage on it through seller financing. I know that if I were to sell it through a stand...
Rachan M.
Tax Implications of Gift from Parents
Good Morning,My parents, who live overseas, want to gift me some money which I would use to buy my first investment property.Does anyone know the tax implications of doing this? Will this gift count as income, and wil...