Hi,I lent some money to 3 people last year as a private lender. I told my tax accountant that it should be considered as passive income to offset the passive loss from my rental property. But my tax accountant said it...

Hi, I am asking a question for my father, his only income is social security, he gets $975 a month. He sold a collector car he's had for more than a year last month and he's made a capital gain of 30k, he wants to kno...

If I am ever able to qualify as a real estate professional one year.... am I able to use ALL of my suspended losses from previous years against my ordinary income for the current year, if my total regular income for t...

My wife owns a condo about in 2008. I married into this pig (the condo, not my wife) as we filed jointly last year. It loses about $500/mo after everything's said and done. Doing the taxes last year it wouldn't let me...

IRS peeking into your income,  Realized Cap Gains Increase, UNREALIZED CAP-GAINS TAX, DEATH OF THE 1031 EXHANGE AND MORE!!! 
(I AM NO CPA AND THE FOLLOWING ARE MY VIEWS BASED ON MY INTREPRETATION OF THE ATTACHED DOCU...

I might be missing something but when I do calculations for potential flips, such as 70/30. The numbers work, but when I take into account taxes I would have to pay on my gross profit (purchase price - sale price) it ...

So I do day trading at home - it uses to be an apartment but it was a good year and I bought a house outright.Can I deduct the space I utilize in my home as a business expense on next year's taxes?Also do I need a bus...

I was looking for a post on this topic but couldn't find one. I was informed recently by a real estate CPA that in order to depreciate (as a tax write-off) with turnkey properties that you need to demonstrate material...

Hello everyone,

We, my wife & I, have a primary property that we have lived in for 18 months. We will be selling our home and our net profit will be tax free due to our primary property.

We also just sold our...

The new tax law made it so that the gain on the sale of personal property can no longer be deferred through a 1031 exchange (1031s can now only be used for real property).Likewise, the new tax law made cost segregatio...