Hello, I'm looking to recruit investors in a house flip, similar to a crowdfunding scenario.  So my question is whether there is any tax liability to those investors.Assume one particular investor gives me (or my LLC)...

What will be tax consequences for borrower of rental house giving property back to lender through deed in lieu with following situation.(1) Lender issue 1099C , No deficiency judgement.(2) Lender don't issue 1099C , N...

Hi,We have a full Duplex (investment property), and wondering what are the tax consequences if only 1 of the 2 unit is sold? How are depreciation recaptures,  capital gains etc are calculated ? What happens to outstan...

Hello,
I had a quick question. I live in Birmingham Al. I was wondering if anyone from this area can tell me the consequences of not pulling permits for items like roofing, electrical, plumbing etc. I just bought a ho...

I regularly flip houses, and consider it my business for tax purposes. Thus, I pay income tax, as well as self employment tax on my gains. I am planning to sell my personal residence, most likely with a profit, and wo...

What are the likely consequences for filing a complaint on a person who publicly claims to be a Class A contractor in Virginia but holds no license at all?

Backstory, I got into a bad deal with a bad contactor. I tak...

I have an assignable purchase contract for two houses as a package. I am sure I can sell one of them for enough to pay off the entire contract, at which point I will own the other house free and clear. My biggest que...

has anyone had any experience, from a tax standpoint, in assigning a contract for profit? in other words, what type of income does irs consider this transaction for person assigning?

jim

I recently hired one of my tenants in an apartment to work for me at the apartment complex, doing maintenance work. (He is a close friend - I do not recommend letting tenants work for you).

If he works in exchange fo...

Hi everyone, I hope this is the right place for this question, I found a few posts somewhat similar but I'm still a little unsure. I recently started a RE holding LLC with my brother because my grandmother is giving...