John Schnyderite
Large Downpayment make sense
This is going to be a long one, so prepare yourself =)
My fiancee and I have been house hunting for a personal residence for a few months now. I own a home since '09 that is underwater (stand to lose 18K or...
Mindy Jensen
How Do Capital Gains Taxes Work on Seller Financing?
A friend is considering selling a duplex purchased at the bottom of the market. They're not interested in a 1031 Exchange, they want to sell and be done with investment properties.They are not opposed to seller financ...
Kevin Hayes
Using Tax Deferred IRA for Real Estate Investing
I have cash sitting in a tax deferred IRA account. I am looking for alternative tax strategies to use in investing these funds for real estate investing. I realize by taking a cash distribution it would be considere...
Steve Schneider
Business Structure Help. Alberta, Canada
Hi there BP community,This question is for my fellow Canadian Investors. I was just curious how other people have went about structuring their Real Estate Investing companies. My fiance and I meet with our accountant ...
Parth Patel
$2,000,000 Tax Burden at age 26! Please help!
Hi all,I’m currently in a situation where I’ve got a Tax Burden of approximately $2 million. I need to reduce this with real estate investments before the end of the year. What can I do?I’ve been trying to develop a g...
Curtis Brown
WAYS AROUND BEING CALLED A DEALER
Is their any way around being called a dealer by the IRS. Like flipping properties under an LLC or some other entity. Could some please help me umderstand this one.
Jesse Liu
Newbie LLC tax question
Hi guys, newbie question here. I have been considering forming an LLC and I'm unsure which one to go by. I was told single person LLC is most popular and you could include your spouse. My wife works at home and mak...
Bryan Butler
Can I offset taxes on 401k cash out with real estate investments?
I may have a new job opportunity and am trying to figure out what to do with my 401k. At first i was going to roll it over into a self directed roth but am also thinking of cashing it out to buy real estate outside of...
Nathan Robinson
Purchasing Short Term Rental to offset W2 income advice (TX)
Hi folks, I'm looking for ways to offset the taxes that I will owe on W2 income. I came across the short term rental designation that allows for asset depreciation to offset W2 income. This combined with the 100% bonu...
Yawiney Yawiney
Capital gains question
I'm about to make over 500k on the sale of my home. It's been owner occupied for the past 2 years and my income in '18 and 19 has been very low. Under 20k.With that low income, can i still be charged capital gains?I...