I am selling my home because my wife got a pay cut and we can no longer afford the mortgage. We will be making money off the sell and we are buying a cheaper home. Do we have to pay taxes on the profits from the sell?

I own a 2 family and am looking to sell it. I am trying to figure out how much I would pay in taxes. Purchase price $145kI owe $122kI wanna sell the property for $250kIt is a rental property.i have 2 questions 1. How ...

When you refinance on a BRRRR deal, how is that money taxed? Can you pay off your bridge loan with pre-tax money? Is the rest considered taxable income?

Here's the skinny...I paid my 2017 Kentucky state income taxes on time and each quarter and correct. (most my income is self employed)KY has an online payment portal. Apparently there was a glitch or else I selected t...

Hello all, my question is pretty basic but I cannot find a good answer online. 
How much will I pay in capital gain taxes?I have a triplex that I bought for 200k 6 years ago, I refinanced to take cash out and now I o...

So this is just a what if situation that my family asked me about at a reunion last weekend that got me thinking.  We have two kids,  and two years ago my husband and older son went together on a mortgage (that son co...

Hi everyone. I'm pretty familiar with how tax liens and tax foreclosure works here in my state of New jersey. But one question I have that kind of baffles me is, what happens when a lender jumps in and pays off the de...

I heard on bigger pockets podcast that if you live in your house for two years when you sell it the government doesn’t tax you on the profit. Is this true? What’s the conditions and is this nationwide?

Ok, I purchased 2 new properties in August.  After rehab and lease up activities, they are positive cash flowing now in November.  In Texas property taxes are due on Receipt but not late until Jan 31st next year.  My ...

Deductions for state and local taxes may be done away with if the recently released currently tax proposal put out by the White House goes through. This area is a particularly controversial part of Donald J. Trump's n...