Richard Z.
Passive income for passive partners of flipping project
Its LLC entity, will issue K-1 for each partners.
Passive income for passive partners - Should it be categorized as ordinary income just as the active partner, or should be short term capital gain? The project is a f...
Byron Valles
Why you should consider donating appreciated securities instead of cash
Donating appreciated securities to a charitable organization can be a smart way to give, both for you and the charity. When you donate appreciated securities that you have held for more than one year, you can avoid pa...
Edward Ferrer
Real Estate Attorney & Tax Sales?
Hi BP, Is it recommended to reach out to an attorney for tax sale purchases in order to properly secure asset? If so, What are the risk reductions for reaching out to an attorney? Experienced investors welcome. Thank...
J Scott
Transfering Title
I just purchased my first MH (bank owned) and am in the process of selling it with owner financing...
I assume that when the bank sends me the title, I will register it and pay the transfer fee (I don't yet have a de...
Donald D Michna
Capital gains taxes after retirement
I was speaking to someone about there rental property and they mentioned that if they sell one of their rental properties after they retire or have of income of less than $33k a year that they do not have to pay capit...
Maximo Dejesus
Effects of receiving equity payments and social security
I presented an owner with a sub to deal for his home and he asked how will the monthly payments he would receive for his equity effect his social security income.He is afraid it will show he is making too much money e...
Jeremy Paschedag
Security Deposit Separation
Over the weekend I heard third hand that, at least in Missouri, security deposits should be in a separate bank account than the main bank account. Supposedly it comes up if you're audited. I was told that you can use ...
Therese V.
Calculating Capital Gains When No Ordinary Income
Someone I know bought a property in the 70s to use as a second home. They did this and then turned it in to a rental, self-managed, after a number of years. They never took depreciation on the property for whatever re...
Kairaba Burson
capital gains tax!!
im new and learning the ropes. i see a lot of people rehabbing and prefer it. are they getting hit with capital gains taxes or is there a way to lesson the impact of them? in a 15% bracket do you just get use to ex: 2...
Michael Plaks
Crypto warriors - beware!
The IRS is catching up. Quote from the official announcement below: "Virtual currency is an ongoing focus area for IRS Criminal Investigation."https://www.irs.gov/newsroom/irs-has-begun-sending-letters-to-virtual-curr...