I have an odd real estate issue I need tax advice on. I purchased a lot on which I’m currently building my home in May 2018. After we started building we found that our neighbor’s house was 3 ft away from their lot ...
Please confirm for me.First time home purchase for primary residence in August 2020.Owner thinks its a good time to sell and sit on the sidelines. and will sell now and not roll the gain into another residence. Will ...
I am working with a contractor that has been a pleasure to work with. Honestly, he has gotten the job done and has been honest with me. There have been delays on the project that I have had to eat up (3 Months), but o...
I have 2 questions that I would love if someone had insight into. 1) as the title says, we don't quite reach 2 years for the tax exemption. We were one month short before renting it out. We closed in May 2018 and th...
Hey everyone! I have a question about avoiding capital gains taxI bought my current home in New York on April 10, 2017. However, I did not move into the home until May 31, 2017. I then lived there until now. My spouse...
I purchased a property in California several years ago and lived in it as my primary residence for around 3 years. It is currently rented out and I am thinking about selling next year when my tenants lease is up. Wh...
In the Summer of 2011 I sold my primary residence for a sizable gain. I had the house for over two years and am single, so I was entitled to the $250k exclusion.
I have owned my new primary residence since December 2...
Hi all!!So my wife and I recently purchased a 3 acre residential lot in Indiana. Our plan was to either sit on the land for a few years and sell it or eventually build on it. The catch to all of this is the seller of ...
Hi,New to the Forum and BP. Already, I feel the need to contribute. The subject hits home for me in several ways. Property owner Repair (Building) Contracting/Contractors - I've been in the in the Real Estate and the ...
Hey BP! I purchased my first SFH less than 2 years ago (May 2019), but am in the process of selling to live with my SO and to aggressively save to pay off my student loan debt from grad school. My house value has incr...