Alfredo Cardenas
Total Rental Properties Losses to offset capital gain of 2 rental homes being sold
My CPA is telling me that I cannot use the sum of all my rental properties losses grouped together as one large loss to offset capital gains of the sale of 2 of those properties. He is saying that I can on only use th...
Allan C.
Suspend PAL and cap gains
I'm seeking clarification on activation of suspended passive losses upon sale of rental property. Let's use the scenario where my suspended PAL exceeds capital gains upon asset disposition. Does the total suspended P...
Ronald Ceballos
Investing Internationally and Domestically
Good Day All!
First off, I am new to both this site, and investing. I have some ambitions that some might consider lofty, but I've finally snapped out of the rat race mentality, and did so at the ripe age of 39... So...
Dirk S.
Tax implications on sale of principal residence
Hi
I own and lived in my principal residence for over 20 years and a significant capital gains.
1 If I sell my principal residence I pay no tax on the first $250k of capital gains (filing single), but if I have ad...
Melanie Baldridge
One of the best strategies?
Real estate is one of the most tax-advantaged investment strategies out there.
Real estate pros buy property using leverage and bonus depreciate to perpetually defer taxes.
Making millions a year and often paying ...
Tracey Thornton
Trading properties with nephew using Quitclaim deeds.
I own a 5 acre vacant lot in the country. And my nephew owns a 3BR house in a near by town. He and I want to trade the house for the property. I paid $52k for the property in 2007, and he paid $44 for the house in 20...
Fang Underhill
Any cost segregation CPA?
We are doing a few renovations on single family properties. Meantime we are doing land flip and generate a great return. How come the expenses on the rental properties can not be 100% deducted from capital gains from ...
Daniel Han
MF syndication tax benefit and stratergy
Just trying to make sure I understand correctly the benefit and tax consequences of multi-family syndication investments.Let's say you invest in a hypothetical syndication deal as a LP, ~20% IRR (2.5x multiple), 7% Pr...
Doug Whyte
Question on how to "write off" a loss
Hi!A few years ago my wife and I invested in a Condo Development in BC Mexico. Should have known better! Anyway, nothing ever got built, I never got my unit, and the only thing that did happen was that the developer...
Francisco Avellan
Capital Gains Tax Avoidance
Hi everyone,
I bought my primary residence 8 months ago. I intended to live here for 2 years and then keep it as a rental property. The issue is that a train track runs behind it and the vibration is horrible (litera...