Shahdan Calcuttawalla
Long Term Capital Gains
HelloI wanted some clarification on when the clock starts ticking for counting the number of days towards capital gains. I bought a burnt down home in Dallas, TexasAugust and demolished it in September. The constructi...
Phuong Dinh
Primary Residence/ Capital Gain
Hi,I recently bought a Duplex as a primary residence, I plan to live on one side and rent out the other side.Now I have another plan that i want to sell the Duplex. Since the duplex was under a primary residence loan,...
Susan Lincoln
Gaining Confidence to Act
Aloha. My name is Susan (Sue) Lincoln. I am from Maui, but work on Oahu. I am new to REI, but I have done a couple PML's. I am currently getting ready to renovate/rehab a multi-family home in Paia to put into the ...
Dillon Cook
Unique Capital Gains Question
Question for a CPA out there.. I have a client who bought land in March 2022. She then bought and put a mobile home on the property in July 2022. Can she sell in March and avoid capital gains tax? Or since the mort...
Rachel Czer
Captain Gains Tax advice
Hello looking for a tax professional to help me with navigating capital gains tax on a primary residence.
Tyler Wagner
Avoiding Capital Gains Tax
Hello!I am a first time house hacker. I will be closing on my duplex soon with a fha loan. I will be renting out my current primary residence and moving into one of the units of the duplex while renting the other side...
Andy Pillinger
capital gains on Primary
Hello all,I am going to sell my house/primary residence in a year. After all tax deductions 15% capital gains will work out in the region of $50,000 to $60,000. I have read that you are not able to use the 1031 on pri...
Melinda Heizenrader
Capital gains on primary
Would like some info on capital gains Scenario. -Purchase price $250,000 -Cash out refinance 10 years later new morgage is $450,000 appraisal 750,000 -Used the $ to invest in more Realestate. - Decide...
Ange Johnson
Capital Gain 121 Exclusion
Wanting verification that I am reading Capital Gains Exclusion 121 Code correctly.We bought a property 8/15 for $175k. We were primary residents (30 months) until 4/1/18 when we rented the home until current. We are...
Lisa Winklepleck
Hard Money Lending Gains
Hi All -
I'm about to pay back a hard-money lender that will be earning interest off the money they lent our LLC for the purchase of a rental property. My question is on the interest that they're gaining. Do I need ...