Selling an investment property can result in significant capital gains taxes. To minimize this tax burden, consider the following strategies:1. Utilize a 1031 Exchange: Under IRS Code Section 1031, you can defer capit...

I realize this question is best answered by a tax professional but since it's the busy season, so far I can't find anyone (including calling the IRS and turbo tax live) and was hoping someone can give a simple answer ...

Need help navigating this situation: I have 11 rental houses. All cash flow. Just last year I started full-time into it. I pay myself the contractor fee on each house I fix up myself (5 houses last year). At tax time,...

California LLC.  Business established Jan 2018.  My partner and I started off by forming an LLC but quickly learned that we should probably have a passive and an active income LLC.  We have already poured our funding ...

I'm wondering if there is a legal way to use a self directed ira to buy a PROPERTY I CURRENTLY OWN THROUGH A LLC? I could retire the mortgage if so.

I have 8 doors that are investments. I have children and a fulltime job. I would like to find tax strategies to reduce my taxable income. All houses right now are mortgaged through my name/social, but deeded over to r...

If a tenant passes all the requirements and is willing to pay a year up front are there any special tax considerations a landlord should be aware of? For example, if the lease starts on 2017 and ends in 2018, should t...

An investor has 400 k that needs to be exchanged. We have identified two properties with a combined asking price of 1 mil. 25% down and closing costs would get us around 275k. The two properties could use 125k ...

I have a question about the 1031 exchange that I’m still confused over. Let’s say I bought a property for $200k and rented it out for many years and paid off the mortgage so it’s free and clear. Now I want to sell it ...

Hello. We had one tenant who overstayed his welcome (and his lease) last year. Due to COVID-19, court closures, resulting heavy dockets, and attempts of mediation, we lost eight months of rent plus added eviction fees...