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Hi BP Family,I have a 1960 fourplex that I would like to replace with a recently built property. I had accumulated passive activity loss (PAL) over the years. 1) If I sell the property, can the profit of sale offset t...
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Hi BP Family,
I have a 1960 fourplex that I would like
to replace with a recently built property. I had accumulated passive
activity loss (PAL) over the years.
1) If I sell the property, can the profit of s...
Hi everyone,This is my first post on BiggerPockets :) I am excited to join this community!I am looking for some advice on tax implications wrt selling my rental property in NYC. I own a rental in the Financial Distric...
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Good morning my name is John and I own a rental property in Trenton NJ. I brought the property 2 years ago for 100k and made about 5k in renovations. The market is dictating that my property is worth around 150k and...
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I currently contribute 6% of my salary with a 3% match. I feel that the 6% I am contributing can be better leveraged through REI right now to build up my RE portfolio. Thoughts?
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Searching the internet for whether homeownership is actually valuable will leave your head in a daze. Major players in the real estate investing space will argue that you shouldn’t own a primary home, others will argu...
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Hey guys, Just a little about my current situation. I recently acquired a fixer-upper for 25k and am planning to out at least 10k into it and then rent it out. This is my first real estate investment. I have been tryi...
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I receive a K1 every year through my main business I own 25% of. My % of profit and dividends are listed on it each year and are considered long term capital gains. I haven’t and do not plan on selling shares. Can I ...
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I have deferred passive losses on multiple rental properties that have accumulated over the last several years (let’s say around $50K). I recently sold one of these rental properties with a net capital gain of $120,00...
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If you pass all of the qualifying tests and indicate at tax time that you’re a real estate professional, does that allow you to use all of your losses to offset gains?i know as a non-real estate professional you are l...