Hi All,
I have a question regarding subdividing land. I`m looking at a property in NJ and its on close to 10 acres of basically un usable excess land. The house and driveway/garden etc needs about an acre at most(Hou...
Hi I was hoping to get input from the forum about a question my FIL asked me. He owns a SFH in Bay Area that he has owned since around 1980 with significant capital gains likely worth 1.1 mill and he paid around 72k f...
Selling an investment property can feel like a double-edged sword. While it's exciting to cash in on a successful investment, the looming capital gains taxes can significantly cut into your profits. For savvy investor...
I am looking for professional tax strategy help regarding an inherited IRA account, charitable donations, and real estate deductions. Any recommendations or BP members that do this?
Thanks!
As investors, I am sure most of us try to minimize our tax liability and increase our profits. I do a few quick rehab flips and thus pay a big chunk of it to taxes. I wen to a seminar (I go to many and have never bo...
I have a piece of land in Thurston County I am thinking of donating since it will help minimize capital gains. I need a charity in Washington state that does not have an extremely high minimum value. The tax exempt or...
If you have donated assets to a Charitable Remainder Trust, and became the trustee of the trust, please share your experience regarding control and ongoing expenses. I am trying to go through a shoulda coulda woulda e...
I'm nearing retirement and considering what to do with a few rental properties that would net about 900 K, if I avoided taxes. I've owned both properties for about 20 years. I have been thinking it would be nice to re...
As someone with a full-time job and W2 income in a very high tax state I have been looking at ways to maximize my tax deductions. As part of this strategy it was suggested I look into land conservation easements. Howe...
We may more than likely be coming into our first rental properties. Two condos both free and clear, one has a tenant already in it with a guaranteed rental payment made by a well known charitable organization. The sec...