Mario Nacev
Running #s on a charitable donation
Hello I am hoping someone can walk me thru the following hypothetical situation:Property purchased by an LLCRented to Charity for: XRental Income contributed back to Charity 100%: XPlease describe what this would look...
Mark Hadnett
Subdividing Land as a tax write off
Hi All,
I have a question regarding subdividing land. I`m looking at a property in NJ and its on close to 10 acres of basically un usable excess land. The house and driveway/garden etc needs about an acre at most(Hou...
Tracy Hoopingarner
Tax Deductions when donating vacant land to charity.
I had a client provide a tip to me. It suggested that if an investor holds vacant land 12 months or more and then donates the property to a charity of choice, the tax break can be up to 30% of their income. Is anyon...
Mark Lucido
Charitable donations: Personally or from LLC?
I'm curious how other investors are making their charitable donations, particularly if they own an LLC. I'm considering making my donations from my LLCs and in my particular instance, my LLC Partnership income flows ...
Cheryl C.
Tax Question: Charitable donation to fire dept. if house was going to be torn down anyway?
Years ago, I read that you could donate a house (structure only) to the fire department to practice on, wrecking it in the process. The charitable donation was the value of the structure. I believe that I read that ...
Jason R.
Charitable LLC and 1031 exchange
Would you transfer a property to a charitable LLC or 1031 exchange? Let me know your thoughts.
Thanks!
Steve K.
Question on Cap Gains taxes/ Section 121 Exclusion
Question on section 121 exclusion for cap gains, specifically the timing of needing to live in the property for 2 of the last 5 years. Does anyone know off-hand if that is for the calendar year or exact dates? Assumin...
Kenia Crevoisier
You can deduct charitable donations even if you do not itemize
Hi BP members. I am CPA that specializes I real estate and international tax. I am also an aspiring real estate investor I hope to connect with other RE investors and share some of my tax knowledge with you all. I’d l...
Dan Rudolph
Looking for help establishing a Charitable Trust that holds CRE
I am in Oregon and am interested in a referral to a lawyer or planner that can help set up a Charitable Trust. If possible we would like to hold income-producing commercial real estate in this trust. Thanks for any h...
Austin Stowell
Avoiding residential $10K cap in 2018
I am curious what tax strategies people are planning to use to avoid the $10,000 cap on deducting property tax on a primary residence.Has anyone considered quitclaiming a primary into an LLC and then renting that prop...