Tax implications of a 1031I am trying to understand the tax implications of doing 1031 exchange on an investment property. I have an investment property that I lived in for 8 years and then rented for 5. I will have a...

Hi all!Flipping houses can be profitable, but it's essential to understand the tax implications:1. Ordinary Income: Profits from flips are typically considered ordinary income, not capital gains.2. Self-Employment Tax...

I'm a partner on a $3M syndication deal in Northern Virginia. We have 4 General Partners and a very small number of LPs. I have a small ownership percentage; I will make a larger return by contributing $500,000 to the...

I thought I would throw this out there as I didn't see it addressed in any of the archives.  The Grantor of a property is asking me what, if any tax consequence, would occur if she transfers the deed to me via a quitc...

I have a single family house I am rehabbing. If I were to decide not to sell it, but rather rent it are there tax implications that I should be aware of? There have been some significant improvements (roof, new bath...

I'm trying to understand the tax implications of investing in discounted real estate notes. I've heard a couple of differing opinions about how to calculate what is taxable income, but I'm curious to hear from some CP...

I am closing tomorrow on a condo property in Chicago. It needs a significant amount of work to rent it out, but mostly just the basic renovations (kitchen, bathroom, flooring, paint). I can do much of this work with m...

Hi all.  I was wondering if someone could explain the tax implications for both sides of an owner financing deal for a rental property?  I am just starting to research this financing strategy and I'm wondering how muc...

I plan on purchasing a multi family property with my friend 50/50. I already solely own one property. My goal is to purchase another property solely by byself next year. If I purchase the property with my friend, how ...

Hello all! I currently have 2 single family rentals but am looking to delve in to fix and flipping as a way to supplement or hopefully replace my W2 income. I have 2 questions as it relates to taxes for fix and flippi...