So I've heard wholesaling is treated like earned income for taxes. So whats the best method to keep records in order to be prepared (separate accounts) for next tax year? Is it any tricks to do to have this money trea...

Everyone knows that Capital Gains can be put into Opportunity Zone Funds to defer taxation for 7 years.But what about if you have a mix of gains and losses -- can you elect to treat the gains as gains and invest in OZ...

Can anyone tell me if carryover basis restarts at 27.5 years in a 1031x, or is it excess basis at 27.5 and carryover picking up where it left off? Having trouble finding the answer. Any help is very much appreciated!

If I brought a property to someone in California, and my intention was to setup an LLC with the person where I get $10K (for example) from the net when it's sold. But they just want to pay me a $10K finders fee upfron...

Hi everyone -

Looking for a few quick answers so as not to mislead a potential Seller.

Is an installment sale (land contract) treated the same as seller financing (complete transfer of ownership with Seller carryi...

My tenant informed me that a raccoon got in to the roof last summer and he now has bug infestation. He claims the bugs are biting him, but they are not bedbugs and he sought medical attention. He has two dogs, so I s...

Hi Everyone,My brother @Joshua Smith and I will be finishing a renovation soon and looking to begin leasing up our four unit building. With Washington DC tenant laws as they are, we know it is very important to have a...

So, I have a property that is held jointly by my husband and me (title is in both our names). We'll be selling this as part of a 1031 exchange, and I would like to take title to the replacement properties in a LLC (wi...

I bought a property last April that my son and 2 college student roommates are living in.  Getting ready to do taxes for the 1st time since purchasing.  Do I treat the property as 1/3 second home that my son lives in ...

Three family members have owned a house for 10 years - always occupied by a family member.  This year we placed it in a LLC (Limited Liability Company) in order to rent it for about 3 months of the year.  Now we have ...