NA Jones
Tax implications of selling stock to buy property
Hello! I apologize in advance if I'm not using the right lingo for my question.. still new at this :)I'm trying to figure out the tax implications of cashing out stock and using it to buy property. Even though we'v...
Martin Pulrang
Tax implications of a joint Letters of Administration
I am hopeful this community can help me. I am listed as personal representative, with my father, on a Letters of Administration (LA) as a result of the death of my uncle. My lawyer said we could execute a deed of dist...
Patrick Brooks
Seller Financing and Tax implications for seller carrying
Hi All,I'm a new Pro member and excited about using this platform more and more. I've been in Real Estate for almost 8 years now and it may be bad that I don't know this but; when a seller carries a loan, what taxes d...
Josh Wilkerson
Tax Implications for a 1099 Flip Project Manager
I am in the process of flipping a house with my brother where he is acting as the project manager for the flip. I intend to pay him a % of the profits when we sell but I am unsure on how I should treat the tax liabili...
Mark Abele
Logistics and Tax Implications of Lending from Family
Some family has shown interest in financing my next deal. They even are willing to give me the money upfront to make the purchase in cash. Are there any tax implications for someone writing a check to someone else lik...
Kyle A.
Attn Accountants! 50/50 "Handshake Agreement" Tax Implications
My best friend and I have a 50/50 stake in a rental property. He has a family and kids and did not have the free time to invest in real estate so he asked me to invest with him knowing that I have the time and experti...
Jason Dukhi
Tax Implications on Out of Pocket Insurance Claims
I own an investment property in Florida. Hurricane Irma had damaged the roof and through the advice of my property managers we did some patchwork repairs in 2017. Unfortunately, while the house was being listed for ...
Harsh Dangaria
Refi and deposit into personal account, tax implications.
Hi BP family.
Quick question:
Lets say, I paid $100K cash for a property purchased under a LLC. Few months later I refi'ed the property at a slightly higher amount and the bank paid the llc back $120K.
If I use t...
John W.
Tax Implications of selling a house year end
Closing is scheduled for 12/29 for the sale of one of my properties. Would I have to pay capital gains in 2017 regardless of when I deposit the cashier's check?
Caleb Gray
House Hack Improvements on Personal Side - Tax Implications
Hello BP,I recently did a small amount of improvement (<$1000) on one side of a duplex that I am now living in. Projects included installing vinyl plank flooring in two rooms, refinishing kitchen cabinets, and inst...