Edward Jones
Tax Question - Another house
I have 2 houses, the mortgage on them is $5k , the first one is a rental and the second is owner occupied but i also rent out the rooms. I want to know about income / debt ratios and tax. I want to buy a 3rd house to ...
Annie Le
Tax implications on a 1031 exchange
Hello everybody,
I am trying to figure out the tax implications, if any, for a client who is doing a 1031 exchange. I don't believe she should have any tax implications but would like a 2nd opinion.
Ori...
Stephen Huff
Tax treatment of gain/loss & expenses on distribution from SDIRA
Rather than going through the RMD process, I'm considering just taking a full distribution of several properties I have in an SDIRA. How do I treat the long-term capital gain (or loss?) on my tax return? On a 1099-R, ...
Jason Holloway
How to minimize Inheritance taxes
Our family is looking to Inheritance a large real estate portfolio what is the best way to minimize taxes for both parties? How not to lose so much to government?
John Reid
Should this money be taxed in an owner-financing deal?
I'm not sure if taxes will be owed on this amount of money or not. Here is some background. I work with 3 partners. Our LLC worked out an owner-financing deal with an out of state homeowner for a local property. W...
Malik Javed
Cost Segregation - The Basics
What is a Cost Segregation Study & How Does it Work?
Cost Segregation is a commonly used strategic tax planning tool that allows companies and individuals who have constructed, purchased, expanded or remodeled an...
Raden Mantuano
Help Determining Offer for 4Plex! Comps Lower than Asking!
Hey thanks in Advanced for anyone that can help us out here..So we are talking directly to a seller who is open to selling her 4plex in Ohio at a price of $150k.. Section 8 approved.2 units are occupied1 unit is vacan...
Justin Cummings
BRRRR exit strategy or next steps?
Does anybody have an exit strategy for BRRRR setups?In the 2010s we did the BRRRR thing not even knowing that the acronym existed and now we're are in a good, but complicated situation.- The commercial mortgages (all ...
James W.
Is rental income taxed the same as regular income?
I am a new landlord renting out my first rental property. Does the IRS consider rental income as regular income and tax accordingly (30%)? Are there any special tax breaks or deductions?
Al Brennan
Tax on new build sale?
Hi all,I just joined and hope I am posting in the correct forum.I plan on buying a one acre lot near where I live to build a house on and then to sell it when it`s completed. My question is will I be taxed heavily on ...