Robert D.
If you were me....
Soo... I hate to resort to this type of question but I have read and read and read and read and then Ive read some more on the subject and in fact am still reading on LLC & CORP with their different tax designatio...
JT Marlin
Trust deed investment - when can I claim a loss?
I invested in several trust deeds back in the 2005 -2006 time frame. Unfortunately, several of the trust deeds were ultimately foreclosed on. However, there is one trust deed loan that hasn't performed in years, but t...
Mary lou L.
How do lenders see income from rentals?
Is it worth to take deductions if it does not change your tax liability?
Let's say my only income is 8000 for a home for the year. I get my standard deduction and end up not owing any taxes.
Is it over kill if I k...
Matt Smith
Depreciation
If I have $100K proceed and I do a 1031 exchange, do I need to reduce this amount with the depreciation that was used in my tax returns the previous years for this property?
DongHui Patel
Best Vehicle to invest in a syndicate syndication K-1
I am evaluating the best methods to invest in syndications, wondering if there are any tips / pointers.A single member LLC, a Solo 401k (tax advantages) or any other type of investment entity and pros/cons?
Chris Austin
LIHTC Property Question
Hi Everyone first post here. I'm looking to acquire the interest in a RD Senior Affordable Housing project. The project is owned by a group of General Partners who are also the Limited Partners. It was first placed ...
Steve Weihe
Tax deductions-6 month rental before selling last year
Morning all,We sold our house late last year in San Diego and ended up renting it out for the previous 6 months as initially our buyers didn't qualify. We spent almost $12k to get it rental ready (repairs, replacing ...
Eric Tomlin
Tax owed when selling a rental home after a fire loss
Good day experts. I am trying to understand the tax laws and determine my tax liability for rental property that I have sold. The uniqueness of this transaction is in the fact that the property suffered a fire, and I...
Ashish Acharya
No Capital Gain Tax in Colorado
Qualifying taxpayers can claim a subtraction on their Colorado income tax returns for certain qualifying capital gains included in their federal taxable income. The subtraction is allowed only for capital gains earned...
Marv Edelstein
Does refi in an IRA cause UBIT
Purchasing a rental property with financing in an IRA creates a UBIT (Unrelated Business Income Tax) liability. However, If the IRA purchases the property with cash, then borrows to rehab, and then holds as a rental f...