1) I bought this home in prior to marriage and it has over 500k in equity. I am trying to sell it and buy another property via 1031 exchange, but will I owe taxes because my husband is not on the title? Ex. 500k deduc...

I understand all the requirements/rules of Adverse Possession in Alabama, but I'm not entirely clear on the required length of time.  I have inferred that there are two clocks.  Ten years if the party with adverse pos...

I bought a 3 flat in December of 2012. I have lived in it since that date. I am looking to sell my place at a profit of ~$150,000. I technically will have had it as my primary residence in 2013 & 2014, but it h...

Hello,
I am totally new to RI. I set up my S corp less than two years ago, hence, only one year worth of corporate tax return is available. Prior to incorporating, I was on 1099 for about 2-3 years. My income increas...

Hello all,I hope this is not a "stupid" question. Prior to starting my wholesale real estate venture, I will like to know if I will need an/a EIN or Tax ID number and also a website prior to marketing?Any advice will ...

We just recently purchased a rental property in Utah from out of state.  Prior to renting out the home we will have to fly out there to prep the home for rent.  Just wondering if we can count expenses incurred for fly...

All,I've put together (most of) a team to start BRRRRing with in KCMO, but I'm still hunting for a good insurance agent (or insurance broker).  I saw a prior thread in this sub-forum for National Real Estate Insurance...

The IRS announced that they will open the 2021 filing season on February 12th.You can file your tax returns on TurboTax or via one of the many tax preparation services as early as today, however it will NOT be transmi...

I'm figuring a year end tax payment - we sold a rental property for a gain (held more than one year) and will have K-1 losses from two syndications that we are LP.  Turbotax is allowing the losses from the K-1 to offs...

Hi All,

I am just starting out and this one question keeps stumping me. Here it is - The house is in my name. The house will be rented in 6 months. I will be doing approximately 7k worth of updates to the house. ...