Chris Thompson
1031 Exchange, Is it worth it?
I currently have a rental property for sale. I spoke to my accountant about doing a 1031 exchange. His advice was pretty simple. I can pay the known tax rate of 15% today or hope that the tax rate doesn't increase and...
Patricia Via
Help with 1031 involving SF rental exchanged for two land lots, want to sell lot
new to this site, hoping to simplify whether I should sell a lot purchased when sold a SF rental back in 2006. the gross sales price of the house was 165K, but the net was closer to 151K. We did a 1031, purchasing tw...
Account Closed
What to do with my first purchase??
Hi All -I bought my first apartment as a primary residence about three years ago in New York City with a conventional residential loan. I completely renovated the apartment immediately and have been living there ever ...
Jeremy Cooper
Selling properties to convert to stock investments. How can i avoid capital gain taxes.
Hi,
I currently own three multifamily homes in Jacksonville Fl. I'm new to this site, so if I leave out any needed information please let me know.
I will be relocating for work in 1-2 years out of state...
Prithvi Sri
How to move a 1031 Exchange Property ownership to an LLC
I recently sold an investment property and buying a restaurant building in exchange through 1031 . The relinquishing investment property was on my name which I bought many years ago. Now that the investment has grown ...
Gary Smith
Financing new development w/ equity
Hello. I’m new to this forum. I recently got into development, so I’d like your input on my 1st project.
My investing partner and I built a house for $500k. It Appraised at $700k.
We’re thinking of refinancing th...
Mike Maruska
Capital gains avoidance-only if I die and pass to kid?
So 270k baseline in 2000 condo . Rented in year 20 (2021 ) @2350 mo-
I have what account calls "saved" credits on depreciation of 50-75k due to income exceeding 150k annual .
I /(accountant) depreciated my $270,000 ...
Renae Charles Atkins
Can you explain 50% accounnt setup
Can someone explain maintenance account and the tax implications.should i have different accounts for each house?if i sell a house with a large M.Account what happens?I'm not asking for specific legal advice just an o...
George Post
Parents Gift to Purchase a SFR- Taxable Earned Income?
Good Day!I have a client who is being gifted $170k to purchase an owner occ. SFR as a primary residence. The donor is her father who will also be living there as his primary residence, but will not be going on title. ...
Richard Chang
Tax Planning for Buying, developing and selling multiple units
Hi all,
I was interested to find out the basics for tax planning for a real estate
project to buy a lot and remove existing structures and have 3 units built
with 1 being kept by the owner.
How would I find infor...