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The laws haven't changed since 1997- and your personal home 'tax exemption' may be over the limits, due to years of appreciation in the real estate market. I found this excellent article this morning- folks in high-ap...
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Hi my name is Dominick Stogner and I am very new to the real estate game. I hear a lot of talk about a 1031 exchange. So my first question is "what and how do you use a 1031?". And also one day down the road I want to...
Hi guys, I am new here.
I haven't started investing in real estate yet, but I plan on doing so as soon as I turn 18. I was just wondering would I be marked as a 'dealer' by the IRS if I was to buy distressed propert...
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Since we're here again for another Tax Season, I'm just curious , as to know 100% what Tax Bracket someone falls in as a whole ( State, City and Federal ) ....all Combined Is it 15% of your Income you should hold o...
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I am currently in the planning stages to purchase a new primary residence and then rent my current residence. It does need a few minor repairs and upgrades. Should I wait to start repairs until after I move to my ne...
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Hi! I’m newer real estate investor with aspirations to build my portfolio in a smart way. We own a single family 4 bedroom, 2.5 bath home (built 1977) in Barton Hills. It’s our primary residence but we’ve decided to n...
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"House of Cards," the definitive look at the origins of the economic crisis, premieres on Thurs., Feb 12 at 8pm ET on CNBC. See the inside accounts from key players, tracing the calamity from Main Street to Wall Str...
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Longtime lurker, first post. Thanks to the BiggerPockets community for all the invaluable advice -- it's helped me personally and professionally for many years.
Here's my question: This year my wages at my non-real...
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Hello everyone.
I have a few quick questions about the first time home buyers tax credit. I am a college student looking for a place to live permanently until I finish up my last few years of college. Since the tax c...
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Hello BP,If I take a HELOC on my personal residence, can the interest on this loan be tax deducted? The funds from the HELOC will be used to purchase additional investment properties.Thanks