Kate Lavery
Like-Kind exchange combined with Sec 121 exclusion - reporting questions
I converted my primary residence into a rental property three years ago. Last year, I completed a 1031 exchange, where I exchanged that rental property for two new residential rental properties. The overall gain on th...
Michael Ndjondo makadi
Can I use several realtors concurrently
Good afternoon all.I am just a newbie and I am wroking to get my fist deal done by the end of this year and I was recommended a realtor by a friend of mine who has been investing successfully for the last couple of ye...
Bonnie Low
Insurance for midterm rentals - Insurers and Renter's Insurance?
I'm working on a research project and am hoping to crowdsource some recommendations about insurance coverage for your midterm rental properties. What are you experienced hosts doing? My questions are:- Policy type: ho...
Eric Bailyn
Gifting Single Family Residence to Son: Any tax implications?
Hi Everyone!
My mother would like to gift her $850K house (100% owned; no loan) to my wife & me. At the same time, my wife & I would sell our $1.5M house ($1.4M is equity), and use the proceeds to 1) transfer...
Monica Seth
Capital gains question (2-out-of-5-Year Rule)
Thank you in advance forum members. I need clarification on whether the 2-out-of-5-Year Rule would apply in our situation to get full exclusion from capital gains tax.We
live in CA and had purchased a condo in Jan 2...
Christian Mendonca
Do we qualify for a partial exclusion for capital gains tax?
My wife and I bought a coop in NY at the end of June 2014. She moved to GA for a job November 2015, I joined her at the beginning of April 2016. Staring in March 2016 we began renting our apartment to a friend at a sm...
Akshar Patel
Tax implication of sale
Hi everyone,Newb RE investor here. Had a quick question about the tax implication of a recent sale.So I had purchased a single family home in Aug 2015 for 370K. We lived in it until end of March 2017 (20 months in tot...
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'...