Lahiru S Hettiarachchi Gamage
How to get the tax advantages against W2 income
Hello,I own 2 rental properties with a partner and also have a W2 job. My wife doesn't work but doesn't have a real estate agent license. She work on the rental properties in many ways. But her name is not on the prop...
Erik Peddle
Taxes on selling a SF rental
What will it cost me in capitol gains taxes to sell my SF rental?
Douglas Armendarez
1031 Question for when one person has poor credit?
I couldn't find an answer, so I came here =). I'm looking to 1031 a property, which I own jointly with my wife, but she has poor credit. My thinking was that I could use a Q. Claim and get her off title, and then do t...
Cody James Cressey
Tax question on selling a property with a spouse that lives in EU
Hello Friends! :) My wife and I are on the title of our condo in Seattle which we want to sell in October in order to use a 1031 tax-deffered exchange for another investment property. The only caviat is that my Wife i...
Rich Weese
3.8% tax on future real estate sales!!!!
There is a provision for a 3.8% tax on real estate sold beginning in a couple years as part of health care bill! I did try to verify with snopes. It was confusing and only discussed in terms of owner occupied sale. Di...
Gayla Kemp
1031 exchange, tenants in common
Have a house closing under a single member LLC selling for $145,500. We will be doing a 1031 exchange and then taking those proceeds and applying them to a vacation rental cabin investment of $264,000. We are gettin...
James Park
Best and Worst States for Taxes for Retirees
Interest article published by Kiplinger for the most tax friendliest states for retirees. The darker green states are among the most tax friendliest states.http://www.kiplinger.com/tool/retirement/T055-S001...
Georgi...
Greg Stetz
Commissions and taxes
I know that most of you are not qualified to give tax advice and I’m not seeking that exactly. I just wonder how much roughly %wise I should set aside to be taxed on. Im a licensed sales associate in Florida.
Boston Caruthers
Claiming mom as dependent for tax Benefits
I have heard on the bigger pockets podcast that you have a W-2 salary. You can have your partner be a real estate professional to get some great tax benefits. My mom is a real estate agent so can I claim my mom as a d...
Shay Kent
Do we owe capital gains? I disagree with my cpa. advice needed, thanks!
We lived in our primary home for 3 of the last 5 years. We rented it out for a year and then sold it. Do we owe capitals gains on it?Our CPA says that as soon as we rented it out it became a business and we have to pa...