Jeffrey Fecko
Tax implications of taking under the radar loan
I recently purchased an investment property with cash from my in-laws. The plan is to pay them back but I am worried they may not declare the interest income. I plan on having a frank conversation with them about it b...
Naomi T.
Tax Implications for Funding One Entity With Another
Hello, my name is Naomi. I am new to posting but have enjoyed the community for some time.I am considering purchasing an investment property (US land) where I will eventually build a vacation home that also generates...
N/A N/A
Tax implications of sister-in-law on title?
Hi all,
My wife and I are helping her sister to buy a condo so she'll have a place to live when she gets married, which is coming right up. However, she has no established credit, so the loan will go under our names...
Brant Richardson
Owner financed deal, tax implications for the seller?
I just found out about a friend of the family who owns a duplex that he has lost interest in. Apparently one side has sat vacant for about a year now. He "can't sell it because he will owe too much in taxes." ...
Joseph Quarto
Best use of Equity cash vs Tax Implications
Hi all,We have a multi-use building with a LOT of equity and only about $65k left on the 7 year mortgage @ 5.15%, due in 2018. We want to buy with cash maybe a small duplex, where we live in & have a renter. If w...
Say Xiong
Tax implications on moving back to rental property
I have read a bit about the changes in tax implications when converting a rental to a primary residence. Here's my story. I bought my first home in 2003 and rented it out in 2006. Since then I have purchased my curre...
Edward Fedorovich
Tax implications of selling a long term rental
Tax implications of selling a long term rental property that has appreciated and been leveraged.Hoping to better understand my current situation, appreciate any insight.I have a home that I purchased in 2012 for 32k. ...
Account Closed
Bartering parking space for free rent - tax implications
I current rent an apartment in San Francisco for $2130 and have a garage parking space for which I pay $0, as stated in my lease. My landlord wants to turn the garage into ADUs. First he offered us (each tenant) $10...
Tanya H.
Tax Implications of Transferring Title OUT of LLC
I want to dissolve my LLC where I am the sole owner with one rental property.
- What are the tax implications if I were to transfer the property to myself?
- What are the tax implications if I were to transfer the...
Steve R.
Resident -> Non Resident Tax implication for investment propertie
Hi,I am currently a Resident of Texas and have 3 rental properties (+ 1 primary home) in Texas and have 1 rental property in Alabama. I am neither a citizen or a green card holder. I will be moving to out of country d...