Ali Mol
Capital Gains Tax Implications for Property Deed Transfer to LLC
I have thoroughly reviewed Publication 523; however, it does not address the specific question I have. The scenario involves a couple who have decided to sell their property to leverage the advantage of the capital g...
Corey Meyer
Implications of changing a residential sale to a land sale?
My wife and I are under contract for a great deal with a cash offer on a single family residence. We are getting it at about 50% of the going rate of price/per square feet in the neighborhood. The house is livable a...
Alex Murkes
Tax implications of buying property at the end of December?
I just closed on my first investment property on Dec 22, but had no rent or expenses in that year.Until now I've always used TurboTax, my situation has been simple (W-2s, interest and brokerage 1099s) but I plan to fi...
Mohamed Elkashlan
Tax implication on foreign owner with two US residents investing
Hi everyone
This is my first post here.
I’m new to investing in real estate in the united states and I’m trying to plan and wrap my heads around things. I live in Spain at least for now and am planning to bu...
Christopher Leavitt
Tax implications for using personal home equity for a flip
Hi all, I have a rather unique situation here. This is a situation in Massachusetts. I took out a refinance on my personal house to pay off my girlfriend's (now fiancée) house due to hardship on her part. I placed a p...
Max Smetiouk
HELOC from Primary residence to buy land and tax implications?
Hi,Could someone share any IRS experience or their stance on tax deductions changes that went into effect after 2017?Question, can i use HELOC from primary residence to buy land somewhere else and be able to deduct in...
Joshua Ferrey
Tax/Legal Implications of Large Deposits into Personal Bank Accou
Hello all! So I was wondering if anyone could help me with advice or possible experience with what the legal or tax implications might be when my investors give me large checks which I deposit into my bank account aft...
Megan Hirlehey
Implications of taking money from one LLC to seed another
Hello BP,I am the sole owner of a LLC I created to buy and hold properties, and I just formed a new LLC with a business partner for some deals we will be working together. My question is, what are the tax/legal implic...
James Bertrand
Future implications of using BRRRR without one of the R's
I've scoured the forums looking for an answer to this, and it might be a "duh" moment but I figured I would ask anyways.A short backstory: My wife and I have just received a HELOC on our primary residence and are on o...
William F.
Tax Implications of LLC holding companies in operating S-Corp
CPAs and others,
LLC if you have assets to protect.
Don't hold property in a corporation.
BUUUT -
What about the multi-entity model of an operating corp with SMLLC holding companies?
Does the transfer of an LLC...