Charles Jessup
How can I reduce capital gains tax on a new rental home?
I bought my primary residence 4 years ago for $150k. Now it's worth $200k because of market increases in the area. I'm planning to buy a new house to live in and rent out the old one, but I'm concerned about becomin...
Payman A.
Capital Gains/Dep Recapture If Not Above 2nd Tax Bracket
Hi all. So after looking through pages of previous posts/replies, I did not find a topic that covers my exact question so I'm submitting this one.Can someone please clarify how capital gains and depreciation recaptur...
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 ...
Keith Lawrence
Partial Funds of Cap Gains for Opportunity Zone
I just recently sold my shares of a privately held company and looking to purchase property in Opportunity Zone with my gains. My question is can a partial amount of my capital gains be considered tax deferred or do I...
Angel Moreno
How do I use a 1031 exchange
I’m selling a single family home to my tenants and want to use he profit to buy my first duplex. How can I use a 1031 exchange to avoid paying taxes. Is this something I have to hire an attorney for? Also, does all th...
Toshiki Hoshino
1031 Exchange Example Question
Hello BP,
Question regarding exchanges in following example.
Selling Price: $1,200,000
Purchase Price: $200,000 (Fully Depreciated)
Exchange Properties:
2 different properties purchased for $400,000. What is the ...
John LaVecchia
How would this scenario play out?
If I buy a property for $140,000 and 2 years later it sold in a 1031 exchange for $60,000 but I have a loan on it for $130,000 can I buy a property for $260,000 or $120,000? Or am I completely off?
Kenneth Lohr
Tax advice for profitable flips
I currently flip around 12 houses a year in an s corp. I seller finance and defer a few every year as capital gains, but since I am classified as a real estate investor the rest are taxed as ordinary income. My taxabl...
Swastik Tripathi
Guidance regarding capital gain taxes
Hello! I'm 19 years old and am greatly motivated by Mr. Brandon Turner's books. I plan on starting my own real estate business in a few years. As a newbie, I have a question regarding 'Capital Gains Tax'. Su...
DL Martin
457b to SD IRA (real estate) ?
So I discovered that I have two 457b accounts (from a prior job that I had) that combined equal $30,000.
I turn 50 in October and can withdraw the money without penalty and simply pay the tax at my normal income tax...