All I am looking todo a 1031 to sale a property in California that is currently in a joint living trust as seller (husband and wife ownership) of the relinquished property. I have created a single member LLC (husband ...

Hello, I wanted to get an idea of what the end-of-year taxes are like for LLCs that own properties. Specifically for this scenario...We expect to pay off my parents' home by early 2017. My plan is to establish an LLC ...

This question has become a little more challenging than I originally expected - CPA's & tax experts watch out!  My fiance and I each lived and owned our own homes for more than 2 years.  My name was on my deed and...

Schedule E shows $52k in losses for 6 properties. Due to mortgage interest, depreciation, repairs, supplies, maint fee, etc. But allof that only reduced my earn income by $6k. Sounds like I’m doing something wrong. Th...

If a person has been living in a parent financed home, he/she provided the down payment and made all home payments and is the primary occupant, has recently refinanced the home (6 months ago), adding his/her name to t...

I bought house back in 2018 let’s called this one (A) and another houses 2019 this one it would be (B) House A has homestead exemption it’s renting right now and having some cash Flo every moths and equity around $...

I heard from my dad that back 15 years ago when he was an active investor managing a rental business, he was allowed to take unlimited tax deductions...is this true?

Now, I know that you can ...

I am looking to purchase my first property and i am currently going through loan processes. I am aware of FHA and gov assistance loans. But I am looking to place 20%-25% down with a fixed interest conventional loan. I...

My accountant is worried about my home being sold some day, and the rule about 2 out of the last 5 years rule?
I'm looking for some help with the IRS rule 262 Or Publication 523.
I've owned my principal residence ...

Hi everyone! I have a question concerning capital gains and I've read through many threads but unfortunately I've not found a scenario that quite matches my situation. Hopefully one of you can help me out.

My husband...