Angela Rhoton
Own Opportunity Zone Property
I have been doing my own research on this subject and haven't found the clear answer or at least one I like. I have a call into a friend who is a Tax Atty/CPA as well but thought I would throw it out to the community....
Cathy McCormick
New tax law rules for long term capital gains
I have a question about the taxes due when selling a piece of property (in this case, raw land). I have owned the property for more than a year, which qualifies it for long-term capital gains treatment. If I understan...
Joe Minteer
Sold a rental for major profit, then bought other rentals with money.
So I finally sold a home and made a considerable amount of money. I took the money, though not all of it, and bought a number of new properties. How do you go about handing taxes with this type of situation? What k...
Eric Black
1031 Exchange with HELOC
Hi all. Sorry if this sounds repetitive as I've read a lot of other 1031/HELOC questions but haven't found one that answers my specific question yet. We know from experience the overall rules of a 1031 exchange but ou...
Frank James
newbie; taxes; sold inherited property
Sold home(2) that I inherited, I'm in Texas, i don't qualify for capital gains tax as I already have a primary home(1). My question is how can I avoid the capital gains tax on home(2)? I was thinking about buying new ...
Maria Bocanegra
Analyze my potential deal - seller financing and tax issues
All,I am hoping to get some feedback here w/ potential seller financing (I am the seller). I am a lawyer by trade and am generally not too good w/ understanding tax numbers, etc. I will try to keep it simple - any fee...
George P.
Tax lien -> foreclosure -> quick sale of the property ... Income Tax Liability?
Situation... tax lien purchased with the intention to passively earn the interest (btw interest is taxed as regular income). Fast forward 1 1/2 years, the tax lien is not redeemed and the underlying property is acqui...
Susan V.
capital gains taxes?
When you flip, how are you avoiding short term gains taxes?
Kevin L.
Primary residence capital gain exclusion
Hi BP community,
I understand that the primary residence capital gain exclusion requires that you have lived in your house as primary residence for 2 out of the past 5 years. Does it mean that I have to have owned th...
Jake Burkons
Wholesaling Question for experienced wholesalers
Checking to see if some might be able to answer a question I have about Wholesaling regarding the legality of the situation in Ohio.
If I were to act is if I own the home buy going into a cash buyers website and sub...