Paul Ryan
Syndication taxes/depreciation recapture
Hi all - I have a question on depreciation recapture as it relates to syndications and calculating after-tax returns as an LP (I am mainly thinking about multi-family here). As I understand it, an LP will have to pay...
Rashad S.
Decreasing My Property’s ASSESSED value
Does anyone know any strategies that can be used to decrease my property’s assessed value?
Eric V Harding
Reverse Mortgage - After The Sale
My mother has moved out of her home and in her final foster care situation. We will handle selling the home for her and repaying the loan with its sale, as she has a year to pay it back before its foreclosed.We have a...
Adam Gordon
Tax Implications for Partnership
I am interested in forming a partnership for a future multi-family buy and hold. In exchange for 20% equity, I would locate the deal, perform minor maintenance and repairs to get property ready, and manage the propert...
Thomas Hickey
Tax advantages of Seller financing to relative?
Hi Bigger pocketers,Have a question about a multifamily a relative of mine is considering selling. I'm trying to buy it directly off of him with seller financing. Tax wise would it be better for him if I were to pay h...
Cindy Cheng
How do you defer gain from 1031 exchange on PA Schedule D? HELP!!!
I completed a 1031 exchange in 2023. I understand that PA finally conforms to Fed IRC 1031 eff 1/1/2023. I'm filing my taxes using TurboTax and completed form 8824 for Fed purposes. When I get to PA taxes, I see the d...
Cassandra Brown
Transfer to LLC before exchange?
I'm new to this and thinking of exchanging a fourplex near San Diego for some properties nearer to my residence, in Wisconsin. I received the property from my mother as gift (not inheritance) so there is quite a bit...
Cori Carl
Owning real estate in the US and filing taxes in Canada
Determining my tax liabilities for real estate I own in the US as a US resident is easy. However, guesstimating my tax liabilities for US real estate income as a Canadian resident is harder to pin down.Do any of you h...
Marc Biedenkapp
tax payment of house flips
Hi there,my sister and I have flipped 2 properties over the last 2 years and now the tax payment is due. Unfortunately we both aren't particularly well informed in that department and I would really like to get a seco...
Caleb Hoover
Single Room Rental in Primary Residence
Hello Bigger Pockets Community!My wife and I recently purchased a new primary residence in Philadelphia. We plan to rent out a bedroom to a trustworthy, reliable friend given that we are not using the entire space (3 ...