Brandon Komp
capital gains tax rate??
Hi there! Just got a question about what the capital gains tax rate is on selling investment property is these days? Not sure I know any more with the tax law change this year. I've only purchased investment property ...
Brian Champine
Depreciation recapture - a losing proposition?
Most of the articles that I've read assume that capital depreciation is deducted from current year income at 25%, or deferred in the case of someone with too high of an AGI to deduct real estate losses. In my situati...
Gregorio Martinez
Capital Gains Tax for investment properties
For every investment property held less than an year, is it required to pay a capital gains tax after the sell? If so how does that work?
Micah Epps
How are elements of BRR taxed?
Let's say my wife an I are general managers of an LLC who buys a single family home. The contract price is 100,000. We put 20,000$ of materials and labor into it. We then rent it out for 12 months and cash flow 10,...
Brian Egr
How much do you pay in taxes on flip profits?
Here's my scenario, I just started flipping this year, I'm flipping under an LLC, I'm on my second flip - first one went well second one is going OK. I will own the second property for about 4 months (hopefully, its...
Tobey Humphries
Taxes after selling a rental property
Team BB,How much money should I hold onto from the sale to prepare for tax time? I had a tax question I was hoping you could answer about a rental that I've recently sold (did not do a 1031). There's three places I'...
Account Closed
Am I thinking about the tax benefits of renting real estate correctly?
Question on rental income taxation:Thank you in advance if you can clarify if I am thinking about this right or not...-Assume I own a rental property in my LLC.-The property earns 2,000 in net rental income after payi...
Angela Smith
I need to learn about capital gains taxes
Hubby and I are putting the finishing touches on our first investment purchase. We bought it to be a rental. However, we have learned from our realtor that we may be able to sell it for more than we realized. Even ...
Corey Dutton
Deduct Capital Gains Tax from Your Real Estate Profits
Capital gains taxes can take a huge bite out of a real estate investor’s profits on the sale of an investment property. This is because an individual, who has capital gains income, is subject to both federal and state...
Nadine Massarelli
Capitol Gaines tax: Does it eat away your net profit margin?
Our IRA adviser is trying to convince us that capital gain taxes will eat up our profits and want us to keep our funds in the IRA or transfer them to a 401K instead of closing these accounts and investing them in our ...