Elliot Starcevich
Texas Franchise Tax
Thanks in advance to anyone who is reading this. This is my first post but I am excited about this community and I hope to learn a lot from it.
I started a Texas LLC in 2013 and I want to eventually buy multi...
Sophie Wang
Indiana tax lien sale question
Hey guys,
I have been investing in tax liens in AZ, CO and FL, this year I am looking into Indiana, but it seems things are very different in IN and I am a bit confused.
First, the types of the auctions. I looked a...
Mary Jay
please help to figure out the tax on sale
Hi guys,Will you please be so kind and help me out?I bought a rental property for 60K one year ago. I am selling it for 67K... So, technically I made a profit of 7K on it.I am in a 30% tax bracket..So does it mean I ...
Joseph A Gonzales
How To Calculate Future Property Taxes for Denver
Hello,
This is more of a knowledge sharing than a question, but please feel free to confirm or leave feedback. This is for Denver only. It could be different in other areas.
Here is Denver's Taxes Site https://www...
Joseph A Gonzales
How To Calculate Future Property Taxes for Denver
Hello,
This is more of a knowledge sharing than a question, but please feel free to confirm or leave feedback. This is for Denver only. It could be different in other areas.
Here is Denver's Taxes Site https://www...
Michael Jiang
Flip under personal name or a business entity?
I've been doing some research online and I understand flipping houses under personal name is not a good idea because of liability if something go wrong. However, from tax perspective, it seems to me flipping houses un...
Kenneth Dahle
Partial 1031 Exchange - Taxes on the Boot
I have been looking but can't seem to find a definitive answer on this question of the tax consequences on a partial 1031 exchange.I sold a rental property in Colorado for $397,000 and purchased (thru 1031) a rental p...
Kent Estep
K-1 Income Negative, what to report to the state ?
I am a California resident with a rental property in Kentucky.My K-1 total from the property is negative, so I transfer that to my Kentucky non-resident state return. Which results in no tax due. This is my first time...
Minsu Goo
First time doing 1031 exchange, who should be my qualified intermediary??
Hello, I have a few qustions regarding perfoming 1031 exchange.
First time doing 1031 exchange, closing one property at the end of the month.
Now I know you have 45 days to identify up to 3 replacement properties and...
Elizabeth Mckinnon
Over due taxes on property
My brother has been living in an apartment complex since 2005. The apartment has 11 units and only two units is being rented. My brother Mail his rent payment of every month. Yesterday the sheriff posted a tax bill ...