David Baker
Tax implications of a single flip
Hi all, I have read several posts on first flips and taxes but have yet to find the answer. So here goes! My wife and are both employed and in a higher tax bracket. So if I flip a house this year and profit $25k a...
Bryan Petrinec
Seller Financing Tax Implications for Seller
How is income from a seller-financed property treated from a tax perspective? I am considering selling a property that has no mortgage on it through seller financing. I know that if I were to sell it through a stand...
Rachan M.
Tax Implications of Gift from Parents
Good Morning,My parents, who live overseas, want to gift me some money which I would use to buy my first investment property.Does anyone know the tax implications of doing this? Will this gift count as income, and wil...
Elliot Shoener
Tax Implications, with Trust owning LLC
I am purchasing multiple rental properties and will be registering each in an individual LLC. Those LLC will be owned by a Irrevocable Trust. From my understanding, the rental income etc. will pass-thru to the Trust...
Nick Gray
IRS website "Subject to" Tax implications
Hi BP folks, I recently read the "Wealth Without Cash" book and Pace Morby mentions a section on the IRS website dedicated to tax protocols and procedure related to "Subject to" transactions, but I can't find it. Curi...
Derek Whitener
Tax implications of "Investor" vs "Dealer"
I have house hacked a few times now where we buy a foreclosure, renovate, then sell a house at the two year mark so taxes have not been an issue. We now want to flip a house on the side, outside of our primary residen...
Tom Mitchell
Implications of the new tax law
Wondering about the implications of the new tax law. First, since mortgage interest and property taxes now have limited deductibility, would it make more sense to incorporate, even in a pass thru, to retain that dedu...
Jeff Ankers
$3.5T Spending Bill; Major Tax Implications
Curious about everyone’s thoughts on how the 3.5T bill going through reconciliation would “sink the real estate market”. https://apple.news/AxHoMMciMS3... Are you in a hold pattern until this is worked out?
Lynn Anderson
tax implications in a sellers finance
What is the tax implication for a seller of a duplex who is willing to sell it to me using the sellers financing strategy? Not my tax implication but the sellers? Thanks
Annie Le
Tax implications on a 1031 exchange
Hello everybody,
I am trying to figure out the tax implications, if any, for a client who is doing a 1031 exchange. I don't believe she should have any tax implications but would like a 2nd opinion.
Ori...