If I "sell" my investment property to a buyer, they take my deed along with my mortgage. How is this viewed by the IRS? Did I just avoid a big tax bill, assuming no equity transfer?
I was thinking of signing up for Bob Diamond's Tax Overage Course is this worth investing in. However, I work full -time seeking a part-time job to supplement my income if you can help let me know.
I'm trying to figure out how I should report the roof replacement in one of my rental homes due to hail damage on Schedule E. The rental home was purchased in May 2017 and the previous roof had half of its usage life ...
New real estate investor here. I inherited the home I had been living in from my mother which needs some repairs in order to be rental ready- no mortgage on it. I purchased a duplex in May of this year and moved into ...
I have 2 rental properties. One is under A LLC and the other is under B LLC. Both LLCs have the same shareholders. My questions are:
1. When we sell both properties, can we do 1031 to buy one property under B LLC onl...
Hi All,My mother is looking to sell a condo that she has owned for 20+ years in Marathon, FL. She is estimating that the value of the condo is approximately $200,000. Her plan after the sale is to give the money to my...
Hello, does anyone know of a good CPA in the Houston area that is knowledgeable about real estate investing and will actually answer the phone? I have called several CPAs from Google with no luck. I would like to fi...