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Results (5115)
Chris Mooney 1031 Eligible? Being added as member of an LLC & selling property
15 January 2021 | 5 replies

Hello all,I'm in an unusual scenario and wanted to get some guidance from the BP community.My fiance is being added as a member of an LLC that owns a residential and a commercial property, both of which are in the pro...

Alex P. Taking title as individual instead of Single-Member LLC in 1031 exchange
29 August 2024 | 6 replies

Does anyone have advice regarding doing a 1031 exchange, where the goal is to take title back as an individual and dissolve the LLC that the relinquished property was held in (without triggering a taxable event)?I hav...

Malik Javed Maximizing Deductions on Like-Kind Exchanges with Cost Segregation
27 August 2024 | 0 replies

Are you navigating a Sec. 1031 exchange or facing deferred tax gains and looking to understand how to optimize your deductions?Today I wanted to share with you how to maximize deductions on like-kind exchanges using c...

Camy Kwok 1031 Exchange from residential to commercial/residential
29 August 2024 | 6 replies

I have lots of questions that hopefully I can get some guidance on!My mother has a rental property she has held for about 15 years in Washington state and has rented it out for the first 12 of those years. Because the...

Mike Auerbach The IRS & 1031 tracking eligibility
25 May 2024 | 0 replies

Any taxpaying entity can do a 1031 exchange. The IRS has a “same taxpayer” requirement for tax tracking – if the same person or entity is exchanging, it’s easy.

If not, we’ll have to bring in our structuring attorn...

Jillian S. Avoiding Capital Gains on Rentals
3 November 2021 | 7 replies

I'm reading conflicting things regarding capital gains on rentals.  According to the IRS site, it looks like one can live in a rental property for 2 of the past 5 years, even if that property was acquired as a 1031 ex...

Uzair Syed Completed 1031. Filing Taxes Q (prev LLC, no more LLC)
16 July 2021 | 16 replies

Hi,
This sounds more like a tax/accounting question but seeing if anyone has any insight here.
My parents just completed a 1031.
Relinquished property and replacement property both under parents names.
Accountant ...

Albert Xavier 10% Correction in Bay Area market after Tax Reform?
1 January 2018 | 13 replies

Hi Folks,I cannot understand why more people are not talking about this. Renter:Imagine I am a renter in Bay Area and I wan't to buy an average $1M home here in Bay Area and want to put down a decent 25%. My loan woul...

Nestor Soto Taxes
26 July 2016 | 19 replies

Can somebody explain all the tax disadvantages for a house flipper? What's the best approach for a first timer? Buy and quickly sell the property after renovations or hold it and sell it after some time to save money ...

Matthew Wilson Matthew Wilson
29 December 2015 | 5 replies

Hey BP community, I am a newbie to the real estate community. The wife and I are looking to find our first home to begin investing into. Being A/D military it is a bit tough to maintain homes when we move every 2 year...