George P.
Selling fully depreciated free-n-clear rental - minimize tax
Is there a way to sell the fully depreciated free-n-clear rental property and minimize the tax liability? Except for 1031 exchange - are there any loopholes?
Maybe if the seller finances the purchase, the tax liabil...
Skyler Mckinney
Where can I learn about taxes? (flipping not rental)
I got my first flip on the market and have no idea about taxes at all. We are approaching the end of the year and I have always had a w-2 job or was in the Navy so taxes were very simple and I could do them for free o...
Jeffrey Scholz
Passive Losses, NIIT, and CRE Syndication
Hi Bigger Pockets,I've seen bits and pieces of information about this in various places, but I'd like to ask people who have actually gone through this procedure.I anticipate my rental properties will accumulate about...
Roy Mitle
Mixing passive income from personal real estate and real estate syndicate
I have 2 different types of investmentsa) rental - keeps on giving me passive losses because of depreciationb) K1 syndicates - give me passive losses till they liquidate at which time I get a Long-term capital gain an...
Greg Hughes
Want out of vacation rentals but unsure where to move the money. Any ideas?
I have three vacation rental condos that I have managed myself for 20+ years and I'm ready to stop. I want to sell them but want to avoid the capital gains tax and still want some income from that money. I'm lookin...
Angel Gracia
Sell and Buy Rental Properties
Hello BP,I am planning on selling my primary residence in the near future which has plenty of equity built in. I understand that, as I plan on reinvesting the money, I need to use a 121 exchange to dodge the taxes. My...
Ryan H.
Single Member LLC: Self Charged Interest to Reduce SE Tax?
Questions: (1) May the owner of a single member LLC loan money to the company and charge the company interest for the loan? (2) If so, is the interest paid by the company a deductible expense to the company reporte...
Account Closed
Zero Capital Gains for lowest income brackets
Seller is single and reports W-2 income of $10K. Property being sold is non owner occupied inherited property, owned 10 years. Never treated as income property as it was always vacant. Property basis is $100K, prop...
David Gradman
Would a Real Estate Professional pay SE income tax within an LLC
Question for the CPA's and Tax Lawyer's out there.If I own a rental property within an LLC and I (or my spouse) meet the criteria for tax purposes of being a "Real Estate Professional" would Self-Employment (SE) taxes...
Kent Chrisman
SD-IRA and UBIT questions
I'm looking into setting up a SD-IRA with an old employer retirement account in order to get into a syndication but I have 2 questions:- I'm assuming that I will be subject to UBIT due to the operator/syndication gett...