Justin R.
Trust/Ownership issues with 1031 Exchange
My wife and I are currently in the process of creating a trust which will hold all of our long term rentals. I am also looking to sell one of my out of state properties. I contacted my exchange company to set up my 10...
Kat Hughes
capital gains exemption on a primary residence that is owned inside a DST?
Hello!My husband and I own a multi family property in Los Angeles. The front house is 3bed/2bath with a converted garage and the back is a duplex, 2bed/1.5 bath each that are both tenant occupied. We want to sell th...
Gary Singh
Is 1013 exchange is ava for persona level or LLC can do that too?
I have done about 10 of the 1031 exchages in the past at the personal name and ssn. Is it possible to do the 1031 exchage for LLC and INC too? I would like to transfer my personal portfolio to the LLC or INC and then ...
Natalie Kolodij
2019 Tax Payments now due 7/15/2020 - 90 Day Payment Extension
The IRS released Notice 2020-17 yesterday which gives tax payers who owe money for 2019 an extra 90 days to Pay. This makes your 2019 Tax Balance due by July 15 2019, Interest and penalties will begin to accrue on the...
Natalie Kolodij
Realtor listed as "tax payer" on county info for one his listings
I came across a property that I'm interested in it's priced pretty high, been on market for 280 days...I pull up the information on the assessors website...Taxpayer : 100% "Name of listing agent" address: "address of ...
Roger Gelpey
Charging back/lost rent to taxpayer on tax sale house in AL?
I recently had a conversation with an attorney in AL regarding a redemption that is probably going to take place on a couple of adjoining tax deeds I have, and he mentioned something about possibly charging the taxpay...
Germán Rimoldi
Tax treatement for US taxpayer investing in a short-term rental OVERSEAS
I'd like to understand how Rental Income and Capital Gains are taxed and forms to be filed with the IRS.
Mary El
Transferred title to my new LLC
I just moved my SFRs out of my name and into individual LLCs. For one property I want to do a 1031 exchange. Does my LLC have to hold the property for 366 days before I can do an exchange? I've own the property for 27...
Michael Gayer Jr
Just started an LLC, can I change tax election? (Disregard to S)
Aloha Investors,I have a Tax Question ...I just started an LLC on November 16. Can I change tax election? Change from Disregarded to S-Corp. I haven't done any transactions yet. Thank you in advance,Mike
Ganesh Rao
Deductions
Any one have experience with deducting rental expenses against ordinary income (not just rental income). I know there are rules regarding active versus passive investing and there is a cap (MAGI) but if one is over th...