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...

When you write up your profit and loss statement, how do you break down the mortgage? Is the interest, taxes and interest the only loss? I'm assuming principal is not written in the loss category even though it goes a...

I was looking over the schedule C form, and I dont quite see how one claims the 20% pass through, QBI.  Any of you tax experts out there have guidance? @Brandon Hall @Natalie Kolodij

I own outright a SFR that appraised for $250,000. I want to purchase a house listed at $230,000 (to become my primary residence). Would there be negative tax implications to offer a property swap in this situation ass...

Unfortunately, the tax code can be a burden for those who don’t understand it. But the good news is that if you find a great CPA to work with, they can utilize tax optimization strategies that help save you money. Ins...

I'm working with a seller and her lender wants to see a copy of the listing agreement. At this point, there is no listing agreement.

How should I go about this? Should I find the realtor I'm going to use to list the...

My husband and I own rental property together, we are both on the deed. My husband qualifies as a real estate professional for tax purposes. We want to use that to offset my income, as I am the higher earner (I have a...

Selling an investment property can result in significant capital gains taxes. To minimize this tax burden, consider the following strategies:1. Utilize a 1031 Exchange: Under IRS Code Section 1031, you can defer capit...

Hoping you can help me. An investor (LLC - three members) bought some farmland behind us for twice the value of the surrounding land. No structures are located on the property - just "abandoned farmland" according t...

Anyone understand how HUDs new loss mitigation concept supposed to reduce mortgage payments? I'm not getting it. Particularly this paragraph here. I just don't see how the extra 2nd mortgage is supposed to (temporaril...