I'm acting as a project manager for my parents house they are selling, using it as my first experience fixing and flipping. I don't want to buy the house from them in order to avoid paying capital gains tax when I sel...
Hi all! Can we talk about the cook county tax sale? The listings are released this week - I've put the link below Anyone have familiarity or insight with this? I have no intention on buying anything but post this topi...
Hey all,I just created an LLC and I am about to 1031 a rental in Denver, CO (it'll be listed in a couple days). I want to purchase properties in eastern ID/western WY and put them under my newly formed LLC (the Denve...
Hey BP, I live in CA full time and have a rental property in Fort Wayne, Indiana. I am working on completing my first year of tax filings and am a bit stumped.I ended up with a net loss on the property however I am no...
Hi All,I was wondering if someone can educate me about QOZs.Is the opportunity zone investment applicable to individual investors looking to offset capital gain or does it have to be through an opportunity fund or REI...
Can tax liens be placed on properties due to income tax or other taxes not paid? Or does it always mean that property taxes haven't been paid?
Are property taxes always included in the mortgage payment? I would assu...
When rehabilitating or investing in the rehabilitation of an eligible historic or non-historic building, you may be able to take advantage of one or both of the historic tax credits: 1) Historic Tax Incentives and 2) ...
HiI am looking for an attorney familiar with setting up partnerships to monetize historic tax credits on the state and federal levels. Please pm me.
Here’s a very brief summary of a few things it includes:
- Stimulus checks worth up to $1,400 per person. There are restrictions based on how much you make.
- Unemployment assistance - A $300 federal increase to we...
Can Tax experts help to clarify this?
https://www.sfchronicle.com/business/networth/article/Small-real-estate-investors-might-miss-out-on-new-13181697.php?utm_campaign=email-premium&utm_source=CMS%20Sharing%20But...