Hello!We sold our home after living there for over 5 years. The home had an ADU which we used as a home office. We sold in 2022, and our accountant is saying that we somehow owe taxes on a portion of the proceeds as t...
Hello. I'm looking for some direction regarding specific real-estate deductions while working inside a solo 401k or self directed IRA LLC and working with a rehab on a buy and hold piece of property. I plan on speaki...
I am trying to put together an offer with seller financing on a package of houses, think mobile home park but slab houses.I am trying to estimate the capital gains taxes the owner will encounter if a cash sale - to be...
How to figure out what tax bracket you’ll be in during retirement? For example, let’s say a single person makes a 100K per year on W-2 right now working for a corporate world. It’s taxed at about 25-30 percent, right...
Hi, I'm really interested in learning to analyze deals/properties for future investments. I've noticed in pretty much every analysis in videos and blogs, the person will deduct the entire mortgage payment (interest + ...
I've been told that the IRS requires you to depreciate a residential rental even if it is in an IRA but you do not get to take the deduction. And, I'm told that you recapture the depreciation at 25% when you sell the ...
I have heard that the UDFI tax rate dropped to the corporate rate of 21%. Did the new tax law also change the UDFI tax rate to 21%?
Buy and hold investors (like myself) know that an investment property produces a Return on Investment (ROI) in 4 ways:1. Cashflow (acknowledging a property could potentially have negative cashflow)2. Equity building (...
Hi everyone, long time lurker, first time poster. Had a question regarding a partial 1031 exchange and how 1250 depreciation recapture is calculated, facts are below.12/1985 - 2 flat property purchased for $60k, resid...
Let's say I live in California and make $255,000 of taxable income, from my advertising company. I want to buy a duplex with all cash that would start paying me $2,000 a month after all expenses have been paid (other ...