John Jones
Filing for Depreciation will be a costly mistake for me atm? 24h
Hello. In trying to help my mom after my dad passed away Christmas, I
rented my place out. Having never done this, and rushed by the
deadline to file taxes, I'm confused on some points. On advise pages
it's s...
Andrew Kniffin
Legal Structure to maximize depreciation
Imagine 2 investors wish to buy 50-50 a large multifamily:Investor A is in the 39.6% marginal income tax bracket. Investor B is in the 15% marginal income tax bracket. Each dollar of depreciation is thus more valuabl...
Donald Hendricks
Capital Gains Tax at 0%
Ok... I have been alseep at the wheel for a minute, so I am not up to date.I have decided to sell a rental house that I have had for over 2 years, so it is in the long term catagory. I am selling because I moved out...
Jack B.
Capital Gains Tax free exit from rentals: it is possible
Well, not entirely, but you can shield more of it.
I'm going to use a very round and specific example to demonstrate this concept. Check my understanding of the tax law on this.
Let's say you make x a year. You ...
Michael Episcope
Why Real Estate Investments Are Taxed Less
One aspect of real estate that people don’t always appreciate fully is the favorable tax treatment that real estate investors enjoy.Investors who care only about an investment’s returns miss the very real benefits of ...
Josh Brekke
Best way to grow 100k-300k? (already in the 20-24% tax bracket)
If I'm already in the 20-24% tax bracket, what would be the best way to grow 100k-300k while minimizing the tax burden (while keeping it somewhat liquid)? I thought about putting it in the market, and hold it long-te...
Brian Schmelzlen
2018 Tax Law Impact on 1031 Exchanges/Cost Segregation
The new tax law made it so that the gain on the sale of personal property can no longer be deferred through a 1031 exchange (1031s can now only be used for real property).Likewise, the new tax law made cost segregatio...
Chad J Muse
converting 401k to Roth
Researching 401 to roth. Is there any way to do without paying an absorbent amount of taxes?
Robert Hastings
short term vs long term capital gains?
i invest in sub 50k homes.i bough a house for 25k in December of 2016. i have an offer for 59k. what should i expect to pay in capital gains if i sell for a 34k profit within one year (short term)?what should i expe...
Anna R.
Taxes on Flipped properties. Do I pay higher taxes?
If I am currently full time employed in Illinois and fit into the 28% Tax Bracket, what taxes do I pay for my flipped property? Am I still paying 15% of capital gains or do I pay 28% on capital gains due to my current...