I am looking to nail down my first lease in Florida. I currently do not have an LLC yet, it's going to take at least another 30 days. I have found I property that I like but don't feel that it will still be available ...
Home owner lives in Canada and is selling a vacation home in FL. How much capital gains tax will she be hit with if any?
I just turned my former primary residence into a rental this year and it's going well. I'm trying to get all my ducks in a row for 2017 tax time. My question is what is the best approach for using my cost basis to c...
Does the 50% rule account for income tax? How is rental income taxed? If a houses produces $1000/month does a set percentage of that 1000 get taxed?
Good afternoon!
We are currently structuring our Real Estate Investment company. There is seemingly a variety of recommendations as for how to establish this entity. Is there any advantage or disadvantage that comes...
We have a rental home in Utah that we're considering selling in the next few years. It has 15+ years of depreciation and about $200,000 equity. We're considering moving into it for two years to save on the capital g...
Hello folks,
I am a novice investor with one property held in a traditional SDIRA. 2 bed condo with a purchase price of $35k, paid for entirely in IRA cash. I have put an additional $12k into the rehab of it, and a...
Hi,
Has anyone experienced this before? Is it worth paying the penalty?
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I am trying to help my mother sell her rental house. It has just become too much for her to handle. I am worried about the taxes that will be due when we sell. She paid 90,000 cash for it 5 years ago so it has 5 ye...
My Uncle used to flip houses and he was very successful at it so I usually take his advice seriously. However, he said something to me recently, that just didn’t make sense. He told me that I should never pay off my...