Mike Shahi
New construction/capital gains/death of parent- need tax advice
Hope all is well. My parents own a home in MD and owe about 500k on it. As is, the home can sell for 1.1/1.2. The home was purchased in 2008 for 700k. Mom passed away last year unexpectedly. Now, Dad and I are trying ...
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Fresh & Exclusive Mortgage Leads as per your Requirement
Hi
We are into the mortgage industry for almost two years, where we are providing our fresh and exclusive mortgage lead generation services nationwide. We generate realtime fresh and exclsusive mortgage leads, based...
Everett Yano
Homeowner's Insurance for SFR Househack renting 3 rooms
Hello BP,I bought a SFR 4 Bed 4 Bath in California that I plan to owner-occupy while renting out the 3 remaining rooms. I am currently looking for a Homeowner's Insurance policy. A common exclusion to coverage is rent...
Account Closed
How to Wholesale Houses without upsetting Investors
Ok here’s something I suck at and want to improve. I am getting these amazing deals under contract, sharing with my buyers about them, and then people are getting upset that I’m talking to other people too. How do I g...
Oliver Martin
Primary residence tax exclusion when you sell
Hi everyone. Just wanted to clarify. If I lived in my primary residence from September 2012- December 2015. And I rent it out from January 2016- December 2017. Do I still qualify for the 250k tax exclusion if I sell...
David Gates
Taxes: Selling 2 Properties Claiming Exclusion of Gain + Partial
I sold two properties last year, one of which was a rental, but both pass the look back test. Would I be able to claim the exclusion of gain for my primary residence and claim a partial exclusion for my renal or vise ...
Ana Nomys
Att. CPA's! How does the IRS look at and treat virtual/shared office space as my "registered" place of business
I want to move my business and business address out of my home office. I would like to rent shared office space where I can hang my business and professional licenses that also offers a shared assistant that will prov...
Herschel Kessler
Georgia Real Estate Agents Law
Hi all,I purchased my first two properties using a real estate agent that typically buys for out of state buyers. HE charges the buyer a commission (aside from the typical 3% that an agent receives from the seller). I...
Michael Medaglia
Seeking Private Letter Ruling from IRS
Hi everyone,I found PLR 200745011 which similarly represents my family's situation with some key differences. I want to request a private letter ruling from the IRS on my particular situation but need the ruling reaso...
Jon Klaus
Home sale tax exclusion
When selling a primary residence that conforms to the rules of the home sale tax exclusion, does simple subdivision work?
The home is on a small acreage, say 3 acres. Owner completes a simple sub-division into thre...