Blake C.
Sell to LLC to avoid tax under 2/5 rule?
Question: We purchased and have lived in a home for the last 5 years as our primary residence. In that time it's value has gone up about 40%. We are about to move out and rent it. To fall under the 2 of the last 5 yea...
Account Closed
Avoiding a 35% tax bill and real estate 'dealer' classification
It appears the difference between a 15% and 35% tax bill is whether or not you are classified as a real estate dealer. Many consider you an RE dealer (or at least the IRS does), if you have a way of selling the prop...
Michael Plante
1031 alternative or how to avoid/delay tax on profits
I will be selling a few rental properties in 2021
Appreciation has been kind to melooking at approx $750,000 in profits
besides 1031 any way to reinvest and delay paying the income tax on these sales?
Sakib J.
Need suggestion on avoiding Capital Gain Tax . No 1031 exchange
Selling a house with capital gain tax potential...seeking advice on how to avoid capital gain tax besides a 1031 exchange. What have some of you successfully done? Please advise
Ivan Souvorov
How do I avoid paying tax a private loan return?
Hello all,A few years ago I let my friend borrow 40k for a real estate project.A good portion of those funds are being returned to me this year.Is there anything I need to do specifically with the IRS to avoid paying ...
Jj Horst
Interesting situation. Possible to avoid cap-gains tax on rental?
So my wife and I owned and lived in a duplex here in Austin TX from 2015-2017 (just over 2 years). We then moved to a new duplex and rented out the original one. We are now selling the original duplex in order to fund...
Blake Shultz
Getting bought out of an investment, anyway to avoid taxes?
Hey BP!This is officially my first Forum post that is not a response to one of y'alls questions! Any advise is appreciated, thanks!One of my very first investments was partnering with a seasoned investor/realtor frien...
Neil G.
Avoid PROPERTY TAX / ASSESSMENTS Going even Higher After Buy (CA)
Being from NY, when I relocated to CA I was quite shocked to see properties being taxed based on newest sale price, irregardless of what previous owners were payin for their last month etc.Ie, when I queried why my 1M...
Wilson Vanhook
How to avoid taxes on a partnership with 1031 exchange
I have a very specific unique situation on hand. I'm doing a 1031 exchange from one property of mine to a new rental. I have somebody who would like to partner with me on the new rental property. To avoid taxes my pla...
Andre C.
Avoid a Washington State excise tax in cash-out refinance?
**Forgive me if some of the terminology is incorrect below, I will certainly consult an attorney and CPA, but figured to ask BP ahead of time.**I have a duplex in Washington state which I currently am in the process o...