Corey M.
Renting out Primary residence - tax implications
As noted in another post, I'm considering renting out my LA condo, which will be cash flow negative in the range of $500/mo. I bought the house for $320k with 20% down, did a cash out refi recently and got a new $420k...
Valentine Sviatocha
Advice needed - foreign investment tax implications
Hi,
I wonder if any CPA can help shed some light on this situation:
If a green card holder with foreign assets want to buy a home in the US, what are the tax implications if he/she transfers money state side for a do...
Jack W.
Retired - Buying/Selling/Holding properties - tax implications
My in-laws are retired, they have owned a "winter" home in AZ for a couple years, and a within the last year or so purchased a "summer" condo in MI after selling another home in MI to be closer to us and their grandch...
Jackie F.
From Primary Residence to Rental - Tax Implications?
I know I can ask my tax accountant, but wanted to get a general feel for what I am thinking of doing.This home was my primary residence for 3+ years then it became a rental for the past 1.5 years.How does the capital ...
Joseph Shaggs
tax implications of deeding title to property
Hello! What are the tax implications of an individual deeding the title of a property to a partnership or corporation? Specifically, if the title to a property is in my name and I deed it to an LLC (setup as a partn...
Clint Moore
Tax implications on repaying business investment money
My question is what concerns do I have if I repay myself the money I invested in my S corp or can be LLC. My plan is to put money in my already established S corp or start LLC. Buy a home cash sell it to myself on co...
Paul W.
Any tax implications for cash out refinance?
Are there any tax implications when you cash out refi on a rental? If your lender allows a 80% LTV, you just get a check after closing and no worries ?
I'm curious if people do cash out re fi to their max LTV and the...
Curtis Maag
Tax Implications for Renting a personal home
i've been in my home for 4 years. I'm debating whether to sell it or rent it. If I rent it and then go to sell it x years down the line, do I still have to pay capital gains since i've lived in for 2+ years? Or do ...
Andrew MacLean
Tax Implication on Lot splitting - Nova Scotia
Like most people I'm on the hunt for a proper BRRRR which as most people can tell has it's challenges. I'm looking at developing Area, smaller municipalities with some R-4 Rural (Duplex or Rural Comm) that could be us...
Phil Acnodnem
Buying property below market and tax implications
Hello Bigger Pockets Community,I am looking to buy a property in California below market value from a family friend. While the house needs repairs, it still will be a great deal for me. My family friend is looking to...