Kathy Davis
Need some help with rental property sale
I've had a rental property in Alabama for 12 years; and it's paid for; and I have received an offer/contract for $170,000. I would be interested in hearing your suggestions, ideas, advice, on how you would handle the...
Casey Murray
Sale of Primary Residence With over $500K in Gain
Hi BP,I have a question when you have over $500K in gain when selling your primary residence. Let's assume the big concern are the tax implications since the projected gain before the exclusion is $1.2M; see projected...
Jennifer Stanovich
What happens to expenses if I move into rental property?
I am buying a rental house with proceeds from the sale of a rental duplex. I plan to renovate the house. There is a possibility I will ultimately move into the rental and sell my current residence. I know I would t...
Ben Sears
Strategy at End of 27.5 Year Depreciation
I was having a conversation with a partner on some of his SFR properties in regard to depreciation strategy. He owns three SFR with a monthly cash flow of ~$2600. Two of the properties are paid off and one has a mortg...
Debbie C.
Monetized Installment Sale - viable alternative to 1031?
Does anyone know how difficult it is to do a monetized installment sale as an alternative to 1031 for deferring capital gains taxes? My CPA and real estate agent don’t know anything about it, and I don’t know how get ...
Allan R.
Apartment complex and 1031 exchange?
Are you able to use the capital gains tax break when selling a triplex and using the money to purchase an apartment complex with 20 plus units?
Andrew Yu
Bookkeeping & Tax on Owner Finance Sale
I sold a property thru owner finance, but I have a question about the bookkeeping/tax side of it. Here is the journal entry for it basicallyMy questions are:
Is the journal entry correct? 26K is quite a bit of reven...
Adam Sanders
Selling a rental property after pulling out equity
Looking to better understand process for selling a investment property that has deferred tax through depreciation that has been refinanced recently to access equity for another investment opportunity. When i sell i w...
Kate Li
Should I go through 1031 Exchange?
Hi,I own a 4 family house where I lived there for more than 6 years. Then moved to another state in the past 1.5 years. I want to sell this house and it’s 1.4mm. The purchase price of the house was 700k and has around...
Val Deleon
Capital Gains question.
We're looking into selling a current rental property to my daughter. It would be their primary residence. We purchased it for 127,000 in 1995. It's current estimated value is 330,000. My question is what capital gains...