Omar Malik
Bonus Depreciation in Non-Conforming State
I have a short term rental that I did a cost segregation on and am taking accelerated bonus depreciation. I live in OR but my rental is in AZ. My issue is AZ is a non-conforming (does not recognize the bonus). If I...
Andy Lanyi
1031 exchange not investing all $. Will that $ get taxed?
I am not understanding the 1031 exchange process quite right. Is it true that when you do the 1031exchange and you do not spend all the money on the next purchase that that money will get taxed as capitol gains. As an...
Jim Ballatin
How do I use my Roth account to invest in real estate?
Do I need an attorney to make the withdrawal from a Roth account through Fidelity?
Jeremy Buttell
Out of state tax return, Indiana.
I'm in CA and have rental properties in IN. My CPA says that since I had no gains (expenses/depreciation was greater than income) I don't have to file an Indiana state return. Is he correct?I already found errors in t...
James Bradley
Selling my first home, post-divorce
Hi all!I am under contract on the sale of my first home, I have owned the house for 10 years in Oakland County, MI. I HAVE lived in the home for 2 of the last 5 years and the reason for sale is my recent divorce. Here...
Daniel Dietz
SDIRA and figuring UBIT, expenses, depriciation, etc...
Hello,
I am in the process of setting up a SDIRA to purchase my first rental property. I am still trying to decide whether to buy it outright with the SDIRA funds or leverage it by borrowing about 50%.
...
Akshay Bhaskaran
Setting up a SDIRA or Roth SDIRA the right way!
I have some questions/clarifications needed around setting up my SDIRA for the purpose of investing in Real Estate (Residential).Current age: 31Planned retirement age: 60Current tax bracket: 25%1. I'm planning to roll...
James Hedgecock
Non-cash partner - Taxable Event?
I'm trying to structure a California LLC as the non-cash partner. My partners are bringing the cash to the deal. We are building ground-up condos and planning to hold them for rent long term. I found the property and ...
Paul Gottshall
Sale of Self-directed IRA property
We're looking to use self-directed IRA money as a down-payment on a quad, with 28% cash-on-cash return, so are pretty excited about it. I may not be thinking clearly, but eventually think we'll want to pull it out of...
Jason Powell
Pay capital gains and depreciation recapture in 2 sta
If a person who lives in a state with state income tax invests in property, either directly or via passive syndication, in another state that also has state income tax, must that person pay BOTH state income taxes on:...