It's my understanding that if there's a "partial exclusion", I'd use a Form 8949 with Code H...And if it's "fully excluded" and there's no 1099-S issued (which I indeed received no 1099-S), then I'd simply not mention...

I was under the impression that 2 years was an all or nothing rule for the capital gains exclusion on your primary, but apparently that's not the case. Does anyone know if this prorated system was just proposed or is ...

I am looking to upgrade to a larger home. I currently have 2 rentals with 5 years of rental history plus my current primary residence. I want to buy a larger home and then rent out my current residence. When qualifyin...

I currently own a 2b/2b and has been a rental property for 13 months now. (Was a primary residence before). Wondering what are the requirements for a 1031 exchange if i were to sell the condo and buy a single family r...

I received this from my accountant in his newsletter. I thought it was worth passing along.

Nine Facts about Mortgage Debt Forgiveness

If your mortgage debt is partly or entirely forgiven during tax years 2007 t...

Hello All,Long time lurker, first time poster.  I became a land lord in 2015 when I converted my primary residence into a rental property after living in the condo for two years. Property is located in Evergreen, CO a...

Hi folks, I have a DTI of around 30% and I'm wondering if the higher your DTI the lower of a mortgage you'll be able to qualify for? For instance if I were to be right at the upper DTI limit for a given lender, would ...

My wife and I currently own our home valued at a little over one million. We found another home we really like as our primary residence. We don’t want to sell our current home , we prefer to rent it. The new home is ...

I purchased my personal residence about 12.5 months ago with personal non-business funds.  I want to sell my house and use the proceeds to purchase a Duplex which I can use to House Hack.  Will I be subject to the lon...

So I'm qualifying for a mortgage for the first time.
The mortgage is $3500/month. I make $4000/month while I attend college. After I graduate with the combined income from my spouse, we would be making significantly ...