Hello,This is my first year having my taxes done by a CPA. When tax season slows down, I will gladly pay to sit down with him to answer questionsIn the meantime, I'm trying go get a grip on a simplified breakdown. T...
Hello all,I new to this and need your opinion. We own rental property in a residential area (not held in an LLC), but we are barely breaking even with less than 1000/year. We like to sell and buy a turnkey property, ...
I bought my first triplex a year ago.
I'm ready to buy another rental but deciding between investing more into the stock market or acquiring a single family real estate asset.
What are some recommendations for inves...
Years ago when I was a bit more naive in my financial knowledge I opened up a Roth IRA Investement account with Schwab. Over a years I have added little bits of money here and there mostly to play around with the mark...
Thank you in advance forum members. I need clarification on whether the 2-out-of-5-Year Rule would apply in our situation to get full exclusion from capital gains tax.We live in CA and had purchased a condo in Jan 200...
Hi,
Does anyone know for certain if the BP BRRRR calculator factors in the tax benefit?I cannot seem to find the information (I have asked Bigger pockets but have not received a reply).Thanks!Paul
So I'm about to sell my primary residence, if the profit is roughly 450,000, and I am eligible for $250,000 capital gains exemption, it means that I will be paying capital gains on the remaining $200,000.My question i...
i paid 25k for a house in december of 2016. i was offered 59k today to sell. that's a 34k profit. does my effective tax bracket when i file with my wife, effect my capital gains tax in this situation? i'm not looki...
Hi!Just finished reading the House Hacking Strategy and I have a question that I believe it goes unanswered in the book.I´m wondering how is the income you get from house hacking getting taxed, at which tax rate. The ...