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...
Clayton Coombs
How to avoid taxes with primary income from flipping properties?
Hey guys, I've been a full time real estate agent for several years now and up until this year that has always been my primary income. However this year I focused more time flipping properties than selling real estate...
Michael Cabaña
Trying to purchase grandparents' home and avoid capital gains tax
Hi BP,My uncle wants to sell my grandparents' home in San Jose, CA. Is there a way I can purchase it from him and avoid the 40% capital gains tax? Someone mentioned possibly using a private loan to pay him and he "gif...
Dan S.
Refinance rental to avoid taxes - then sale /management in trust
Hey BP community...I am talking to a guy about selling one of my properties to him and I had a question about tax implications as I am being told if I do it this way I am avoiding some taxes...
Here is what we are ta...
Amanuel Gebrelibanos
Paying Rental income tax? Or ways to avoid it legally?
For multifamily and comercial rentals,1. Is it better to pay income tax or not? If so, why?2. Is there any way to avoid paying rental income tax legally? If so, how?
Jon Schwartz
Structure a sale to avoid taxes upon death of seller?
Hi all,I'm in an interesting situation. Long story short, a 94-year-old woman has expressed interest in selling me her $2M duplex (in a very nice area of Los Angeles, hence the $2M price tag). I haven't dug into her m...
Rich Hupper
Two flips this year how to avoid self employment tax
HiI bought two properties this year and sold them for a profit. It is my understanding the profit from those flips will be treated as active income and subject to self employment tax. However I didn't even lift a fing...
Ben T.
How To Avoid Tax Penalty When Selling A Rental Property
Hello - I will send a rental property this year. LT gain expected of about $200k. My wife and I are above $150k AGI.
Can one please explain to me how to avoid underpayment penalty? I am confused with “quarterly esti...