Chad Clark
Tax sale auction from 42k to 160k. Almost 300% profit margin.
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $42,000
Cash invested: $8,000
Tax auction special. Picked up for higher than normal (COVID made prices silly). Ab...
David Ellis
Tax on Boot for 1031 Exchange
I have another question for the group. I want to know how the boot will be calculated for buying a replacement property that is less than the sold property. For instance, I bought a property 10 years ago for $155,00...
David Stein
Depreciation Recapture + QBI
Hi fellow RE investors,
Quick question, I have been reading on QBI and I know that passive rental income qualify for the 20% deduction from QBI. However, when I sell the rental property, does depreciation recapture ...
Sarah G.
Selling your own flips and taxes
Hey everyone,
I recently became a real estate agent and am selling my own flip. My question is for taxes is it better to not take commission and take the profit as capital gain or take commission and it be a taxed li...
Troy Elston
Converting private residence to rental property
I'm having a difficult time calculating tax gain/loss from a property sale and was wondering if someone could help me with calculations.Purchased Home in 2005 for $145500Converted personal home to a rental property in...
Jeff Wang
Do I count depreciation tax shield in my cash flow analysis?
Hello,
I've modeled my investment property cashflows in excel. In my model, should I be counting the depreciation tax shield as cash flow? Logically, it seems like it is cash flow since it is indeed, cash in my pock...
Jon S.
"Writing off" stuff in taxes
I keep hearing how I as a very small landlord can just "write off" everything. You know, if my renter doesn't pay rent I can just "write off" the loss rent. And it doesn't matter how much any supplies or maintenance c...
Greg Stetz
Commissions and taxes
I know that most of you are not qualified to give tax advice and I’m not seeking that exactly. I just wonder how much roughly %wise I should set aside to be taxed on. Im a licensed sales associate in Florida.
Hisham Ahmed
IRS Question for wholesale business
Hello everyone,
I just about to form an LLC in TX to do property wholesale, and I was wondering if I need to get an EIN number from the IRS for the business.
Is this kind of business taxable and I will need to file ...
Yuliany W.
Withdrawing funds out of a 401(k)
Hi all,
How do you withdraw the money in your current employer's 401(k)? I don't have a financial hardship, and I don't want to take out a 401(k) loan. Is this possible at all?
I know there are penalties for withdra...