Mark Ashton
Capital gains tax on sale of 2 homes?
Hello,I'm looking for help evaluating tax strategies for selling my two homes. Here's my situation: We own a home we lived in for 18 years (2000-2018). We moved out of that house (House #1) in summer of 2018 and ar...
Michael Yu
How to structure and manage foreign borrowings
Looking for expert legal and tax advice - Just found out I could potentially borrow in another country with a very low rate and have been thinking about how to put this opportunity to use while having a proper legal a...
Aubrie Larsen
Capital gains when Renting basement?
We’re having an investment property built that we are planning to live in for a while, build equity in and then sell. We also are hoping to rent the basement on AirBnb. How does that work with paying capital gains on ...
James N.
Avoiding taxable gain by living in property 2 of last 5 years
Hello BP,I have a condo I lived in for about 2 1/2 years as my primary residence, then I leased it out for about 2 1/2 years. I'm looking to sell and avoid taxable gain. I'm trying to determine exactly what day I have...
Abhi A.
Buyer responsible to get CO
I am looking at a property and the numbers make sense. The property has new roof, no major issues with HVAC or boiler. But really run down inside. Which i think i can work with.
Question: The listing says "Owner wil...
Ian Berg
Trading property tax strategy?
I'm purchasing a 2 acre development property from an older lady who has lived there as her primary residence for 20+ years. She wants $1.5M for it which is a fair price. She wants to buy a duplex with part of the proc...
Clyde N. Lane
Vacant Land with great potential
Investment Info:
Other other investment in Talladega Springs.
Purchase price: $1,514
Cash invested: $2,200
Sale price: $12,000
Property is assessed at $24,000.00. 3 acres in Talladega City limit...
Jordan Buie
Live here 2 years or keep and get another primary
Hello Bigger Pockets friends, I have a unique situation I've been mulling over for some time now and decision-making time is coming soon. So I purchased a home with an FHA loan, I've lived here for the required year a...
Chris Arce
Just opened an LLC to flip my first house
Hi everyone!Just closed my first flip!Me and my partner created an LLC and purchased it in that name.How will I file my taxes if we make money on this first flip? Is it the regular way I always file my taxes as ordina...
Martingale Kim
Tax form for Corporation registered in Delaware
I registered a corporation in the state of Delaware this year and just filed DE's annual report and franchise taxwhich form I need to file for federal tax? is it 1120 only?I don't have any sale for the year 2021 so th...