Andrew S Austell
Tax planning for subdividing and building a new house for sale
After buying a property in 2015 i subdivided the lot. I've kept the original original house and lot as a long term rental. In July 2019 I started new construction of a single family home on the subdivided lot. Constr...
Aaron Moayed
Real Estate CPA Website Article Garbage? Depreciation Recap OppZo
This guy's article states that depreciation recapture exclusion is not possible with the opportunity zone 10-year-hold:https://www.therealestatecpa.com/blog/real-estate-...Yet these other articles are stating that cap...
Michael Lebeau
Like-Kind Exchanges - 1031 - Experience?
I currently am researching my options on potentially selling 1 or maybe 2 of my 3 family properties and rolling them into a new/bigger multifamily. One of the deciding factors is will I have to pay 20%-25% in property...
Rick Doughty
401k roll over
i just opened up a roth ira in feburary,its only worth $1,000. Anyone know how to self direct it into a real estate investment account? most online site i visited wanted a high fee.one i called wanted between $350-$3000
Caleb Dryden
1031 Exchange and avoiding capital gains
I'm somewhat familiar with the tax advantages of a 1031 exchange. It's awesome that the government put this act into effect but I do have some questions about the full process. My current understanding: in order to av...
Avrohom Roth
1031 Help - new property financed with a mortgage
Client Sells a property (which was owned by his LLC #1). LLC #1 then takes the proceeds and distributes it to LLC#2 which is fully owned by LLC#1. LLC#2 uses the funds to purchase a property a complete the 1031 ex...
Jared Stine
Capital gains offset through real estate and cost segregation
There's the potential of having a relatively large capital gains tax through my crypto investing as I take profits this year, which is taxed the same as stock. I'm curious if there's the potential to instead use the m...
Whit Hill
New here... LLC or no?
Yikes. This is my first post on BP tho I've been lurking about for a few weeks. Here's the quick rundown: My husband and I live in Nashville, TN. We also own a rental house in Ann Arbor, MI (the house we lived in for ...
Chris Thompson
1031 Exchange, Is it worth it?
I currently have a rental property for sale. I spoke to my accountant about doing a 1031 exchange. His advice was pretty simple. I can pay the known tax rate of 15% today or hope that the tax rate doesn't increase and...
Boaz Shor
ADU Tax advice
I'm currently house hacking my primary residence SFH by adding an ADU.I saw that I can get depreciation on the ADU cost and even do cost segregation.My question is regarding what happens during the sale.I know about ...