My father owns a piece of property that currently has a triple decker on it. Years ago he started (then paused, now actively pursuing again) tearing down existing building and building a 21 unit building on it.

Loo...

I got my tax return, schedule E and my property due to depreciation, took a loss. Not sure how to feel about this? See attached Supplemental Income and Loss, statement. 

I purchased a home for 183k back in Jan this year. It is now worth about 240 with my updates I did. 
Lets say it sells for 240.. Am i taxed on the 57k (240-183=57) or I am taxed the difference between the 240 and the...

I understand that the tax rate when selling a rental is based on less than or greater than 1 year. But where is the line drawn? If I closed on a rental August 20th last year what would be my soonest closing date to ta...

If you trade different stock options, can they still be considered identical for wash sale rules if they have similar dates on the contracts? Are day traders still subject to wash sale rules? Thanks

Hey everyone can anyone give me some advice as to how I can structure this deal? I’m thinking of selling a rehab flip with the architectural plans and an option to build with us how would I price this out? Has anyone ...

I have read through many threads and get the idea that many people are under the impression that they can deduct their own time on federal taxes. By own time I am referring to completing required repairs, managing ren...

I have a question about wholesaling. If I structure my deal with an assignee or do a double close on a deal, is there any way that I have to pay a capital gains tax? Or is it straight income tax? I have an LLC set ...

I’m in Louisiana. I have one mobile home that is in my LLC that I am currently renting out. I bought another mobile home that I will be moving in that i also put in my LLC. I will rent out my house since I’m moving in...

I am attempting to acquire a property with Subject To and some cash on top in order to retain the 2.8% interest rate. Can someone elaborate on how the payments are made after you work with the title company and the de...