Zeb B.
Tax Loss Harvesting Implications on Mortgage Qualifications
I have about $50,000 in unrealized stock market losses in my taxable brokerage account. I'm considering selling some of these securities for tax loss harvesting. I don't plan to change my exposure to equities, the pro...
Kenneth Hynes
Tax implications of new roof claim / settlement
BP Community I am researching how to handle my situation on my taxes. Background last year had some hail damage to one of my rental properties. PM looked at, called in estimator and said needed to repair / replace...
Account Closed
Tax implication on buildings over 4-units
Greetings,one of the agents I work with in mid-Hudson valley (Putnam and Dutchess) keeps saying "well, because it's over 4 units there are tax implications..."On the question "can you elaborate", I got an answer "well...
Dirk S.
Tax implications on sale of principal residence
Hi
I own and lived in my principal residence for over 20 years and a significant capital gains.
1 If I sell my principal residence I pay no tax on the first $250k of capital gains (filing single), but if I have ad...
Sarah Albert
Tax implications for seller finance (inherited property)?
Hi everyone,My husband and I found a property that we want to make an offer on. The original owner passed away unexpectedly ~1 year ago and their children inherited the property. There’s no mortgage and it has been on...
Account Closed
Seller taking a loss and tax implications
Working on an unfortunate situation with a seller who paid more for the property 12 years ago than I'm able to offer today - they bought in 2006 and probably overpaid, then did not maintain the property, and then got ...
Ian Eynck
International RE Investing for STRs - Tax Implications
Hey BP gang, I am a US Citizen who is looking to invest in EU property. Specifically I am interested in STR/ Vacation rentals in Europe. I know the tax benefits that US RE investors can take advantage of when investin...
Sheen Jowl
tax implications when moving properties into LLC
Hi BiggerPockets,I wonder if anyone has experience in moving properties from personal name to LLC. The properties stayed on my 1040 Schedule E for a few years and have accumulated loss when depreciation is included. H...
Jackie P.
Tax Implications of Flip and Option Cancellation
1) Investor 1 takes over a house subject to a 65K balance and 3K back payments. Deed executed between seller and Investor 1.
2) Investor 2 puts a 1K option on the house with Investor 1 at a purchase price of 75K.
...
Pete Fiannaca
Question: New Tax Plan and LLC Implications
Hey BP -Thank God we have people in this community who eat, sleep and breathe taxes, because this stuff is going way over my head. Couple quick questions regarding being a small time landlord, the new tax plan (TCJA) ...