Real Estate rental income is earned when a real estate is leased for rental income generation. Rental income generally is treated as unearned or passive income for income tax purposes. Rental income is reported on Sch...

Payment was recently made to the State of Alabama for a small tract of land. The State has owned it for over 5 years and there are no structures on the property. The fixed price offer letter did not specify when the d...

On Friday, March 27, the President signed the massive $2 trillion coronavirus Stimulus Bill (the Coronavirus Aid, Relief and Economic Security [CARES] Act) to provide assistance to workplaces and employees. The law pr...

Hello,I own 2 rental properties with a partner and also have a W2 job. My wife doesn't work but doesn't have a real estate agent license. She work on the rental properties in many ways. But her name is not on the prop...

Ok I may be over analyzing this situation but just trying my best to fully comprehend and understand the process. So I understand that after paying the Delinquent Taxes to the Alabama Revenue Commission and they send ...

I have a friend who is selling his business.  It's not real estate, but it got me thinking.  Is there some kind of 1031 exchange for moving money when you sell a business into either real estate or another business wh...

My husband and I have been buying rental properties for several years now and are getting close to reaching our limit of ten each.  We buy 1 solely in my name and 1 solely in his.  When we started this venture about 8...

I've recently formed an LLC in California. I want to make sure I understand this tax payment thing properly.For Federal taxes, I know that there is a $800 minimum annual franchise tax in addition to LLC fees based on ...

Hi,a little confused about the short term rental loophole. Seems i can use my paper losses on my STR against active income if my avg stays are less than 7 days and I pass the materially participation test.  Here's my ...

How to Allocate Land vs. Building Values for Investment Property
When buying a residential property, one important yet often overlooked task is determining how to divide the property's value between the land and the ...