Roger Gelpey
Alabama tax deed property with IRS lien on taxpayer
I am getting ready to apply for my deed on a property with an IRS lien associated with it. The "former" owner has debt of other sort as well as the IRS and we are getting a title binder to sort all that out as to the ...
Pete Torrez
Short-term Airbnb, VRBO occupancy/lodging tax payment service
Good morning, we just got our first short-term rental up and going, in fact, we have our first guest arriving in two hours. my issue is with the lodging tax. I know VRBO collects what I tell them to and send it to me...
Kalman G Szabo
Pennsylvania Inheritance Tax Payment for a sheriff sale property
Dear Fellow BPers,
Here is the gist of a recent sheriff sale acquisition that I would need some help with and it might be educational to some of you.
I acquired the property at a PA Sheriff sale through a mortgage f...
Lisa Hill
Opportunity Zone vs 1031
We may have up to 500k in equity in a rental house that we plan to sell. I found a multi unit property in an opportunity zone. Where do I go to find out how the tax deferral works? I’ve read up on it but am a bit o...
Casey Reuss
100% Bonus depreciation on prior primary residence - now STR
Hi RE Investors and like-minded folks,
I moved out of my primary residence and turned it into a STR property. Placed into service this year, March 2022. I'd like to get a Cost Seg Study done on it to benefit from 100...
Matthew T.
HomePath "Owner Occupant" Policy
I had a question for someone who knows about "HomePath" properties. I'm writing in regards to the "Owner Occupant" policy for HomePath properties that have the "First Look" title. How long does a person have to re...
Ashish Acharya
No Capital Gain Tax in Colorado
Qualifying taxpayers can claim a subtraction on their Colorado income tax returns for certain qualifying capital gains included in their federal taxable income. The subtraction is allowed only for capital gains earned...
Benjamin Forest
What the final answer on 20% pass through income tax deduction?
I've been trying to find a definitive answer on whether a landlord (in my case, owner of 4 separate rental units) can take the 20% pass through income tax deduction for tax year 2018 and beyond. I've been reading conf...
Jason Watson
Material Participation and REPs
What are the general tests for material participation? This question comes up all the time. As tax professionals, we want to get the word out for those considering a real estate professional designation.
Ok. Here we ...
Bill Hampton
Five Things to Know about Estimated Taxes and Withholding
Five Things to Know about Estimated Taxes and WithholdingWith 10 million taxpayers a year facing estimated tax penalties, the IRS offers some simple tips to help prevent a surprise at tax time.People pay taxes on inco...