Kevin Polite
Strip 401k/IRA or self-directed IRA
I am considering moving my IRA to a self-directed IRA and told a friend and he said he took the tax hit and depleted his IRA and is happy he did. He said even with the tax consequences he came out ahead. He has comp...
Henrietta Lee
Tax pre-payment for rental sold
Hi, I sold a rental property that was rented for 16 years in CA this year. The net capital gain was $480,000. Depreciation taken was $100,000. Escrow already withheld CA State tax. I'm retired in FL with $25,000 socia...
Jason Ballesteros
Flipping homes through an S-corp??
Please bear with me as I am new to the investment and tax implications of flipping homes for profit in less than a years time. My father and I work together in a flooring contracting company. My father has the compa...
Richard Garza
Help me analyze this deal
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Mukul Patil
Huge increase in Property Taxes because of re-assessment.
In Williamson County, I am looking at a 55% increase in property taxes this year because my home was appraised that much higher by the county. Most investment homes in this area are seeing similar big increases in ass...
Sheri Lowrance
Long-term capital gains tax calculation
Can anyone confirm definitively what the calculation is for determining the federal capital gains tax on the sale of a long-term asset (rental property) for someone in the 15% capital tax bracket? I tried to get this...
Teri B.
Am I understanding Flipping & Taxes correctly in 2018?
Hello,This is my first year having my taxes done by a CPA. When tax season slows down, I will gladly pay to sit down with him to answer questionsIn the meantime, I'm trying go get a grip on a simplified breakdown. T...
Robert Plumpe
Very odd property tax situation?
Hey all:Got some information on a building I'm trying to evaluate and was shocked by some of the numbers...specifically the property tax. The owner is getting up in years and is looking to sell out & retire to th...
Michael Clark
Question about taxes/ searching for a R.E friendly CPA to do my return
Hello all! I’m looking for a CPA to do my taxes that is knowledgeable about all things real estate. I’m a realtor and was asking my current accountant about depreciating my residential property and writing that off ag...
Nader Hachem
Are interest rates changing your deal criteria? High prop taxes?
With interest rates rising, looking to purchase a rental property now is more expensive. This results in lower cash flow, and potentially makes what would be a deal 1-2 years ago, into a negative cash flow property no...