A family member is a foreign person (foreign national living outside the US) and he owns real-estate in New York City. He wants to gift it to my wife and I. We understand that real-estate is a US situs asset so it is ...

What are some good questions to ask a tax preparer when it comes to rental property strategies? Do anyone know how to keep up with their tax liability throughout the year?

Found the example below on a website. This is the way I understand my first year tax liability when selling via installment sale. But after way too much time searching online, I get conflicting advise. I modeled a pro...

Hi guys,Posted questions in the Tax category but didn't get any replies so coming back here where I've previously had great communications.  One of my three questions is really not relevant so here are the other 2:- I...

Hello everyone! This is my first post to the community :) My mom and I have purchased our first rental property in North Myrtle Beach, SC. From the start, I want to ensure we are correctly setup legally and financiall...

I’m 22 just bought my first property this past April and it isn’t the most fantastic purchase thus far. I’ve only made roughly $700 thus far including equity gain in the property. I do not live in this property and wh...

How Real Estate Depreciation Deductions Can Supercharge Your Investments
Real estate, with its potential for passive income and property appreciation, is a favored choice for investors looking to build long-term weal...

Hello Folks,

I wanted to seek advise from the savvy investors here at Biggerpockets.

My father, who lives overseas, has 100k in US dollars that he would like to give me as a gift for me to invest in Real Estate. M...

Selling an investment property can result in significant capital gains taxes. To minimize this tax burden, consider the following strategies:1. Utilize a 1031 Exchange: Under IRS Code Section 1031, you can defer capit...

Do we pay NIIT taxes at the time of sale if we're an investor who used a property management company (or didn't use one)? Anyone know the tax code for this?