Rick J.
Rehab or Flip and Tax Implications
I am very new to real estate investing. Apart from owing my own home, I decided to buy a home in a "war zone" sight unseen for $54k cash. After 3 months of waiting on a lengthy eviction, the home is finally empty but...
Yoon Seokwoo
tax implication for cash-out refinance
I am trying to think of the best scenario to get maximum tax benefit for rental property in the following scenario.
Say that I have a house that is paid off and I want to convert it to rental property. If I take cas...
Pete Harper
Tax Implications of CA Title Transfer
I have a tax question. I own vacant land in CA and would like to transfer title to my TX LLC. Would CA consider this a taxable event?My long term plan is to sell the land in CA and do a 1031 exchange into property in...
Stevo Sun
Canadian with dual citizenship, Tax implications?
Hi everyone,My wife is a dual citizen US/Canada. We live in Canada, and she does not hold any investment property because we heard some horror stories about dealing with US taxation. I wondered if there were any tax i...
Jung Won Kim
MultiFamily Refinance Tax and Fee Implications
Hypothetically, if a GP were to refinance and return let's say 50% of the initial investment to the LPs. Is that money taxed for the LPs? I would think not since it is returning a portion of their initial capital, but...
WLD Speculator
Tax Implications of a Short Sale
Could someone enlighten me on the tax implications for the homeowner of a short sale. My understanding is that if they had refinanced there would be a 1099 issued, but if it was the primary purchase loan there would b...
Josh Norris
Raw Land Deed Transfer Tax Implications
Does anyone know whether or not there are tax implications if a family member quit claims a piece of land into my name. I would not be paying anything for the property they would be giving it to me for nothing. They...
Michael Wilson
Tax Implications for first rental property
Hey Y'all!I would love any and all advice on my first potential SFR. My wife and I are moving from Clemson, SC to Anderson, SC and are considering renting out our house in Clemson rather than selling because the marke...
Christopher R.
Tax Implication of a Management Fee
Hi All,My CPA is questioning whether a Management Fee that I am claiming deduction on is appropriate if I am not acquiring these services from someone else. IE, I'm setting aside 10% of total rent as a management fee...
Paddy O'dowd
transfer ownership to son - tax implications
hi - if i transfer an investment property i own to my 18 year son, can anyone advise on tax implications for me and him? he is a student with no income - i bought with cash