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We bought our 2 bedroom Apt about 18 months ago, and to our surprise, my wife became pregnant with our second child. In addition, my job role changed requiring me to work more from home, which makes it nearly impossib...
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I need some quick tax knowledge. I've currently accepted an offer of $760,000 on a property with a $655,000 loan. My real estate agent is getting 5% about $38k so I'd have $64,000 in capital gains. How much of tha...
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Hey Everyone! So I'd like to gain some feedback from those who are fairly knowledgable in dealing with Capital Gain Tax on selling investment properties. From my current understanding Capital Gain Tax are assessed bas...
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Hi, I was wondering if anyone out there has experienced this scenario before. I physically resided in my primary residence for 22 months, then was sent out of state for a year-long training course. I fully expected to...
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Hi guys,Does anyone have real experience paying Capital Gain tax on an investment property?We can use an example of a condo purchased at 500k and sold at 1M, held for 5 years with no owner residency. How much tax is t...
If I am married filing jointly and we make $250,000 income during 2018 and then sell an asset for $750,000 Long Term Capital Gains, what will be the tax rate on the capital gains?Trying to understand:1) Are Long Term ...
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'..a shift in the cultural tide when a city goes from overlooked to a new darling... "https://www.mysanantonio.com/n...
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Hello Pittsburgh BP Community,I am currently at the refinance stage of my current BRRRR and want to repeat the process as soon as possible. What I am finding difficult is trying to scale my business with the limited m...
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Hi BP Fam, I have a couple questions regarding my grandparents house, If there is any info you have or could point me in the right direction that would be greatly appreciated. Both of my grandparents have both now pas...
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Hi Hive,I'm looking to understand and educate myself more about how capital gains work. I have a property that I bought almost 5 years ago and I lived in it for 2years but in order to avoid the capital gains I feel I ...