Will sell with a profit of $200K under wife and husband names.
1) $200K at about $3k tax.. not too bad... shall better to do 1031 or just pay tax?
2) How much is the fee for doing 1031? $1000?
3) The sold p...
I bought the first tax deed property and I don't know if it is still occupied or not from the street. I don't feel safe approaching the house by myself. Can I call a police officer or sherriff to escort me in? If yes...
I've seen a few different articles online about this with conflicting calculations but basically what is my basis for this 1031 exchange here:-Bought a house for 63,240 paid in cash.-Sold for 150K.-After expenses my c...
I am looking to sell my rental home to buy another rental but i retired and my income is limited so i don’t qualify to the same amount of the price of the sell, I can add my daughter in law to the mortgage but then sh...
I'm hoping someone can clear up discrepencies on my tax payer site where I'm finding owners and addresses. If you care to investigate you can find this through Assessor Site.
I have located one property, 1401...
Where do you spend money each month? Something I recommend to everyone is to take a look at their monthly expenses every so often and see what can be moved from the personal side to the business side.
Remember, to ma...
Hello,I was hoping some of you experienced tax professionals could help me with a question. When looking at the way we manage our properties, I think we would easy qualify as active participants as we are 100% owners ...
Hello,I know there were similar questions already asked, but I would like to ask this specifically:1/ Can use HELOC from my primary residence to buy an investment property and be able to deduct HELOC interest as busin...
If someone has 20 multi families buildings (around 100 apartments) that are currently held on several LLC's. How can he 1031 to other properties? Since those LLC's are all independent entities and each building has it...
Im selling some condos under an LLC (I am the sole owner of the LLC) and would like to 1031 that gain into RV park and mobile home park partial ownership investments as an individual. Are those investments like - kin...