I own a rental in CO (over 5 years definitely classified as 'investment property').  I may be moving to CA soon.I have plans to sell the CO rental in the next few months.From what I have read, it appears that it's bet...

Hey there, just a theoretical question:

Borrowing money via a loan or cash out refi isn't taxed as income since it's borrowed. If you were to sell a rental house without a 1031 exchange, I *believe* the portion that...

CPAs and the BP community with input/knowledge/experience with large monetary gifts:New Estate and Gift Tax for 2016Sometime in 2016, my wife and I would like to give my parents a large sum of $40-60k as a gift. I und...

I was looking at our town last year tax sale record. One sale I noticed was Property Tax due was $13773 and it was sold with a premium of $72600. Why someone will pay this high premium for this tax sale?

My mother-in-law and her sister are likely to inherit a home in San Diego. According to her, the value on Zillow is about 1.2M. She also said that it is in good shape, but has not been updated for several years (I’m...

I own a home in Central Florida near Orlando, and have lived there for 5 years. This year I rented out that home and moved to Southwest Florida where I am currently renting. I plan on selling the house in Central Flor...

A realtor approached me the other day and told me she has a buyer who is interested in my duplex in San Pedro, CA. Loan balance is 560k. She offered 650k. I have owned it for 7 months and cash flow about 500 per month...

Newbie question here.I recently had a home to sell, since no one was living in the home the homestead exemption did not apply. Taxes went from less than $500 to over a $1000. How would you know this, most website show...

My house sold on tax sale, my fiance and my mother had just passed away and I fell 1100. Behind. My father has gotten ill,and is going to need me to move out to take care of him. I'm still 2 months short of the redemp...

Hello everyone, I am trying to figure out how the property taxes are calculated. As the mortgage company is currently taking care of that, i did not have to worry, but I would like to understand how they are computed....