Tara Baldauf
Taxes on profit from a live in flip
I bought a house to flip that I am using as my primary residence. I will have the renovations complete after 6 months of ownership and want to sell right away. This is my second flip (the first house I owned for 3 yea...
Daniel James
Colorado DR 1083
Hey guys,I am a new AZ resident selling a property in Colorado that qualifies for section 121 exclusion of the IRS code. The property was our primary residence from March 2010 to June of 2013. After that date, it was ...
Jason Kucharski
Moved back into my rental property. Will this help with depreciation recapture?
I have a property that I used as a rental property for about 18 years where I claimed depreciation year after year. Fast forward to 2022 I'm awarded this property in a divorce and now it's my primary residence when I'...
Anthony Wick
Partner Wants to be Exclusive, I Want An Open Relationship
Ok, so I’ve recently begun looking at taking on some partners so that I will be able to do more deals. Mainly buy and hold, but the option of flips could arise in the future.
I now have two people that are willing t...
JOSH ELIOT
Anyone ever use Exclusion for Transfer Between Parent and Child?
The form is called the BOE-58-AH Claim for Reassessment Exclusion for Transfer Between Parent and Child. Anyone ever hear of that or use one?
David B.
Section 121 exclusion: date of sale for Lease Purchase agreement?
I converted my primary residence to rental in Dec 2014. In Oct 2017, the tenant agreed to purchase the home. Although I sold the home at a significant loss, I'll actually end up with a gain due to depreciation recapt...
Troy Stidd
How have tax laws changed regarding IRC Section 121 Exclusion?
Hi,
I just finished reading this article that explained how the different tax laws worked together. It is a pretty good article, but it is a little dated. For anyone that is well-versed in this topic, have any tax la...
Byron W.
Using a house duplex or triplex unit exclusively for Airbnb?
Is anyone here using a unit in their duplex, triplex or renting out areas of their SFH to Airbnb regularly? It's something I've been giving a lot of thought and I'm interested to know what the numbers are and how it's...
Account Closed
Almost licensed, looking for Exclusive Buyer Agency in So Cal
The subject line pretty much says it all,I've just completed my Prerequisite courses for the state of California. I will be sending in my application for exam soon, however I was wondering If there are any Exclusive B...
Dena Schlutz
Primary Residence to Investment w/out losing $500k tax exclusion
If I'm converting a primary residence into a rental property but want to take advantage of the $250/$500k capital gains tax exclusion for a primary residence. Can I create an LLC, partnership, corporation or some leg...