Kevin Zou
Any tax implication to move my property from personal to my llc?
Hey All,
I want to move 2 of my investment properties under my personal name to a LLC that I own for liability purposes. Is there tax of any sort that I will need to be aware of if I do that? I am in New York City, NY.
Alex Asen
Tax implications of building an addition & selling it as a condo?
I own a 2,000 sq ft single-family outside of Boston, which has been my wife's and my primary residence for 2+ years. I have ZBA approval to create a two-family by building a 2,000 sq ft addition mostly in my current...
Crystal Novak
Cost Seg Prior to Transfer of Title to LLC Partnership Tax Implications?
Need help with a cost seg situation. My CPA didn't have information on this for me, if I were to complete a cost seg for 2022 personal taxes while a rental property is in our personal names and then that property is t...
Bob Sacamano
Tax implications on renting Duplex to sibling who is also co-owner
Hello!
I can't seem to get a straight answer online by searching for this. My situation is:
1. W2 income puts me in 35% tax bracket.2. Purchased a duplex with sibling as co-owner that will occupy one half of duplex....
William W.
Tax Implications of Sale of Primary Residence to LLC owned by me
Hello. I've seen this question asked before but I haven't seen an answer that address my specific concern. I think the question is best posed to this sub forum.I have a condo that I've owned as my primary residence....
S Harper
Should I pay off rental when I refi my home? Tax implications?
We have an opportunity to refinance our home and cash out enough to pay off one of our rentals. By doing this we will lower our monthly payment by 450/mo OR if we make the same payments we can reduce our total cost o...
Bubba McCants
Implications of the NAR Settlement for Real Estate Agents: Strategies and Insights
Hey Bigger Pockets Community,
I hope everyone is doing well and continuing to navigate the ever-evolving real estate landscape. Today, I wanted to chat about something that's been a major topic of discussion in our i...
Jagjit Singh
Question: Tax Implications for a Canadian investing in US multifamily real estate?
Hello,
I'm from Toronto, ON (Canada) and I'm currently trying to understand what the tax implications would be if I were to invest in US multifamily (3-6 units) real estate. How will the capital gains and rental inco...
Dina Harleth
Should financial advisors be knowledgable about buying/selling RE and tax implications?
I have a financal advisor on retainer for "asset management" but am trying to figure out what to do with my primary residence. I'm somewhat interested in real estate investing and may want to do a 1031 exchange (a...
Angus Brooks
Tax Implications for Refinancing a Property in an LLC and Distributing Funds
Hey All- I own a small apartment complex in a two entity LLC and am wondering what the tax implications are for a cash out refinance. I have done a lot of these for my own portfolio, but am wondering if the tax impl...