Wyatt A Brady
Balancing tax implications with potential income
Hey guys-Im still new to posting on BP, hope no one minds if I share some personal numbers, but I could really use some calmer heads on this before I go crazy.I was all set to start visiting a property, and I started ...
Frank Visaggio
House hacking primary residence tax implications
We bought a rambler where we got a permit to build a 2nd kitchen on the first floor/basement.
We are plant to rent it to a family member for a below market rate but even if we rented it for a market rate the rent ...
Zane Cress
Tax implications on FSBO Primary Residence
I know selling your primary comes with the tax free capital gains up to 250k/500k. Does a for sale by owner when they carry the note change that?My grandfather is interested in selling me his primary residence and me ...
John M.
Rental Property Tax Implications (Personal -> LLC)?
Hi everyone -I'm trying to understand what the benefits would be in moving a personally held rental property to an LLC. Is there an attorney and/or accountant that can shed some light on this?The rental property has ...
Eric Lunsford
Tax implications for a private lender
I apologize if this has been answered before. I did a brief search and didn't find anything that answered my question. I'm wondering how private lenders get taxed on their earned interest as they loan money to RE inve...
Cesar Bugarin
Tax implications (Living Trust Vs LLC)
Good afternoon any help with the following question will be appreciated.
What are the tax implications of the following Scenario:
A series LLC owns and controls several series (Each series own real property). a. T...
Kapil Patel
Capital Gains Tax Implication and Advice
Hello all,I understand, owning a personal property and living in it for more than 2 years you can be exempt from capital gains. I also understand, if you flip your personal property to rental then you can be exempt 2-...
Jacob Vorreuter
Tax implications of equity syndication deals
What are the tax implications of investing in an equity syndication deal as a limited partner?I’m considering investing in commercial multi-family equity syndication deals through a crowdfunding platform. I’ve reviewe...
Jan josef Caiquet
BUYING a Condominium abroad. Tax implications?
I am planning to buy a condominium in the Philippines. I would just like to ask how to send a big amount for a downpayment? And do I need to report to IRS that I am buying a property abroad? Any tax implications with ...
Zachary P.
San Francisco condo conversion tax implications
I bought the building for 1.1 million and hoping to sell the smaller unit for around 700k. If I do what are the tax implications of this?Since it is less than the total cost of the building will the proceeds not be ta...