I am having trouble finding article which discuss how taxes are handled when flipping properties under an LLC. If you could share an article or help with the below scenario, that would be greatly appreciated.
Our LLC ...

How are tax liens investments being taxed? I am yet to speak with an accountant thus ask the question here to get an idea.

I have bought the tax liens past summer. Most of them were redeemed within the first couple o...

Closed on house yesterday. Single family-4 bed , 2 bath.Paid $127Rehab budgeted- $30 kList price- $249,950Day one- Ripped up all carpet, tack board,  base board, kitchen laminant/cabinets out. Sub floors have areas th...

This should be an easy one for someone to tackle, but I'm very new at this. I close on my first investment property next month. Not sure whether to flip it or rent it due to tax considerations. I understand that if...

Hopefully someone can give me some helpful info.  My main concern is with the tax implications.We just purchased a SFR, actually a Manufactured Double Wide on a Basement and 1 acre of land.  The property is being purc...

I am curious if classifying my spouse as a real estate professional can offset ordinary income when filing jointly.  She does actually classify as such.  We have rental properties in various LLC's and until recently w...

I listened to a BP pod cast last month and someone said if your business is to flip homes, you do not need to pay capital gains tax for less than 12 months. I mentioned this to my CPA and they were not aware of any s...

A group of investors including myself purchased land in the Midwest which has been developed for sale to be bought by builders. My question is I want to be able to 1031 exchange my proceeds from this development proje...

If you have depreciation and interest deductions that can’t be used (say your before tax income is only $200, and your int/dep deductions are $5,000), are those unused deductions passive activity losses that are carri...

Tax Question (two scenarios) - Question builds so please read all three bullet points and provide feedback:

1) Capital Gain – seller purchases a property for 40K. 20 years later property is fully depreciated and se...