Jaime Navarro
Taxes implications for buyers and seller on finance deals!?
Taxes implications for buyers and seller on Seller finance deals!?I’m working on a seller finance deal and have some questions on Taxes.Seller: Family member Seller’s Purchase price in 2009: $180,000Property owned fre...
Lance Luvaul
tax implications of nonresident holding property in series LLC?
"With regards to Nonresidents of the United States, it is not wise to believe the LLC is generally the best solution for your business needs, as there may be self employment taxes and estate taxes involved that could ...
Annunciata R.
Implications of Selling a piece of land for $1
Due to an error made by my local county my lot was valued from $55K to $1.4M. The land was bought by a trust where I am the beneficiary, spoke to the relevant officials and they agree with the anomaly however they ...
Eric Bailyn
Gifting Single Family Residence to Son: Any tax implications?
Hi Everyone!
My mother would like to gift her $850K house (100% owned; no loan) to my wife & me. At the same time, my wife & I would sell our $1.5M house ($1.4M is equity), and use the proceeds to 1) transfer...
Yuriy Skripnichenko
S-corp as a Trust Beneficiary and tax implication
I have two questions that I cannot find definitive answer to. If you have similar structure or a professional and know how it works, please explain.I have a property in Trust. The trust’s beneficiary is an S-corp owne...
James K.
Looking for CPA advice, concerning tax implications with Airbnb
Hello BP friends! This is my first post on Bigger Pockets and I can say this has been an awesome resource already. I can't wait to be a bigger part of this online community!I'm thinking of buying a duplex and living...
Mike Rodrigues
Tax Implications for Renting out Rooms in Primary Residence
Hi guys, I have searched the internet far and wide, but still have some questions/concerns for filing my taxes this year.
Basically, I own a 3br 2.5Ba townhome that i purchases for 140k with 40k down, my total paymen...
Olivia Piper
Tax implications of roof replacement due to hail damage
I'm trying to figure out how I should report the roof replacement in one of my rental homes due to hail damage on Schedule E. The rental home was purchased in May 2017 and the previous roof had half of its usage life ...
Mark Schumacher
Cash Out Refi into a Syndication and Tax Implications
If I do a cash out refi on an investment property and use the funds to invest in a syndication (investing in apartments, mobile homes, storage etc ) is the interest portion of the cash out refinance tax deductible? Is...
Jacob Michaels
Buying seller finance deal and tax implications for inheritance
Hello all,
I'm talking with a seller who is fairly motivated as she is quite elderly (even has a great great grandson). She owns a few properties, each worth about $100,000 and is thinking of selling them. Sh...