Cathy M.
Tax implications, setting up foreign private lender
Hi - We are in the process of purchasing US property to flip with a loan from private investors from the UK. We are paying an interest rate as opposed to a share in the profits. I was wondering if any of the tax/...
Trieste Matte
Tax Implications of flipping in South Carolina?
Are there any specific considerations to make when flipping in South Carolina? Any state-specific tax concerns? Thanks in advance!
Jeremy Bernard
tax implications on a 401k early withdrawal
Good day BP Family,I've tried to search what kind of taxes I'd face with an early withdrawal from my 401k and have not really found the answer to my particular question. Just using roundish numbers, my annual salary (...
Zeb B.
Tax Loss Harvesting Implications on Mortgage Qualfications
I have about $50,000 in unrealized stock market losses in my taxable brokerage account. I'm considering selling some of these securities for tax loss harvesting. I don't plan to change my exposure to equities, the pro...
Shack R.
Tax Implications - First 2-Family Rental Property
Hi all, pretty new to the forums.My brother and I have opened up an LLC and have put an offer on our first 2-family for a rental. We have some questions on loans/tax implications for the business that we're hoping to...
Jackie P.
Tax Implications of Flip and Option Cancellation
1) Investor 1 takes over a house subject to a 65K balance and 3K back payments. Deed executed between seller and Investor 1.
2) Investor 2 puts a 1K option on the house with Investor 1 at a purchase price of 75K.
...
Pete Fiannaca
Question: New Tax Plan and LLC Implications
Hey BP -Thank God we have people in this community who eat, sleep and breathe taxes, because this stuff is going way over my head. Couple quick questions regarding being a small time landlord, the new tax plan (TCJA) ...
Patrick McGowen
Tax implications of roomate for owner-occupied
I friend of mine asked me if she should depreciate her home or not as she is bringing in a renter. Her CPA is going to run numbers for her, but I told her I would ask BP community if you had any good insight or innov...
Fred Mejias
Refinancing (Mortgage or HEL) and tax implications
I am looking to looking to cash-out re-finance my current mortgage. I looked into mortgages and they are anywhere from 70-75% LTV. I was told by a local bank that they can do a Home Equity Loan (HEL) at LTV 80% and th...
Bryce Bender
STR tax implications and mitigating tax impact
Hi all,I have been using my basement as an STR house hack for about 2 months, currently I'm only listing on AirBnB. It's done much better than I predicted (due to the summer months probably) and I want to ensure I hav...