I did some research on this new Opportunity Fund Zone tax benefits. Below are some notes and ideas. Note I'm not a CPA or attorney just putting it out there to help inspire some ideas.
An Opportunity zone (OZ) is ta...
Hello, BP. I have a situation that I would like the hive-mind's thoughts on. How will the formula for Capital Gains be affected after a spouse passes away?Real life example for clarification. Home is purchased in 2002...
Hello BP community,
What are the tax consequences of paying off a line of credit that was used to purchase another real estate property?
Here’s an example of what I’m hoping the BP community can help me answer:
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I have multiple duplexes under a single commercial portfolio loan. I'm interested in selling one of the properties and leaving the loan intact. If I sell one of the properties is it considered 'taxable gains'? My goal...
Can you do a 1031 on a primary that is paid for? I am a new investor looking at all of my options as I plan to purchase within next 3-6 months.Thanks for everyone's help with my questions. This is an amazing community...
Hello my name is Kim! I'm looking for an internship or a part time job I can do on the side while also gaining some experience or even just being involved in the real estate community! I'm willing to do any side work ...
Hello BiggerPockets world! My name is William Taylor, I am extremely excited to be a Pro Member in the BiggerPockets community and ready to gain immense knowledge from all of the contributors. I myself have been a Lic...
Dear community,My wife bought a condo in September of 2015 and lived in it until October of 2017 (a little over 2 years). She moved in with me in October and rented out the condo starting January 27th, 2018. The lease...
I was doing a research for a customer and realized Bp community can also benefit from this. I personally believe, Qualified Opportunity zones almost as effective as 1031 exchange. Trying to keep this simple and just ...
I own and operate 7 MHP communities in Florida. I have a elderly MultiFamily property seller that wants to avoid capital gains taxes in his lifetime by implementing this unique deal structure which my CPA said would w...