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...
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...
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 ...
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?
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...
I've been researching the tax liabilities associated with the "final exit" after a series of 1031 exchanges. I have had some folks caution me that they "can't afford" to exit after 30 year of real estate investing bu...
I made my first real estate investment roughly 5 years ago, purchasing a 2-Family as my primary residence...living in 1st Floor Unit with my wife and we renting out the 2nd Floor Unit to tenants.
We're about to sell ...
Good morning BP,
I am curious about 1031 Exchange and have a couple of questions.
How did you start using 1031? What are the benefits? Are there rules associated with 1031 or any specific guidelines that need to be...
Is there a way to legally factor in valid selling expenses like painting, carpeting, new appliance, etc which were paid prior to escrow to reduce the net amount of property you need to replace as part of a 1031 exch...
Tax deferral help needed: I am a full-time W-2 employee and max out my pre-tax contributions to my 401(k). I have a side-hustle real estate LLC that includes passive income from fifteen rental units as well as activ...