Owen Schwaegerle
Prop 19 and Property Taxes in California for Inherited Property
In November, Proposition 19 passed in California. This Proposition changes the way Prop 13 works, the monumental proposition from 1978 which fixed property taxes in California to 1% of the purchase price plus inflatio...
Nathan M kiefer
400k bonus - tax mitigation
If you were to receive a 400k bonus from a w-2 employer what is the best way to legally avoid as much tax as possible?
Gwen St. Pierre
Continue to rent or sell sooner to claim 121 exclusion?
Hi - I have a rental that I lived in from July 2012-July 2015, it has been rented since then. We are looking for new tenants to move in on 8/1/2017. My question is, if we have tenants in there until the end of 8/2018 ...
Burt L.
How Can A Self-Employed Wholesaler Best Present Tax Returns to Qualify For a Personal Residence Loan?
After wholesaling rental properties and being tired of being a tenant again myself - I would like to be able to qualify for a conventional loan. In speaking with a local tax attorney, I was told that 2013 was the last...
Jason Padgett
Realizing tax benefits while investing in a syndication deal
Curious to understand some of the tax-related nuances with regard to taking a more passive approach through a syndication investment. Specifically, how this type of investment is typically treated for tax purposes (i....
Jeremy Johnson
Selling a recent commercial investment?
My partners and I recently (6 months ago) purchased a commercial building which we are also operating a business out of. Things are good and we are not looking to sell. However, another local business man has inquired...
Fletcher Caulk
Avoiding a 1031 exchange
I bought a townhome with a VA loan in August 2014 and our renters took over in June 2016. We are considering selling this summer, and I am wondering if we can leave the unit empty for two months so we can take credit ...
John Voychick
LLC taxes. Do i need to open out of state LLC?
I have read a lot but am still unsure. I live in California, investing in Florida. Which state to register LLC in?I will be flip and sell and flip and hold. I have a regular w2 day job making 90k.How will LLC help my...
Tai Bhattad
Voided Tax Sale - Alabama
Can someone shed light on the void tax sale stipulations in Alabama... If the wrong name is called at the auction, someone ‘forgot’ to have the property assessed in their name, deceased owners prior to auction are rea...
Dan Earl
Is it possible to minimize taxes on depreciation recapture?
Let's say you have 1 rental and no other type of income.Rents after mtg interest, Property taxes and insurance brings income to under 9k and therefore no taxes are owed in this situation. No other expenses for this ex...