Tyler Willson
Tax Implications for Flipping
Hello everyone,We are nearing the end of our first rehab and flip project, and I was wondering how we go about writing off expenses for taxes. I was getting fairly clear on how to do it for rentals with division into ...
Nitanth Vangala
Opportunity Zone Tax Implications
Hey everyone. I was just curious if anyone has taken advantage of using their capital gains from the stock market towards opportunity zone investing. I know that you can do this when putting it towards an accredited o...
Keegan Schaub
Inherited IRA Tax Implications
Hypothetical situation:Say someone inherits an IRA - per RMD (Required Minimum Distribution) all of this money must be withdrawn from the account in ten years and is considered taxable AGI.In order to avoid a pretty l...
Adam Gordon
Tax Implications for Partnership
I am interested in forming a partnership for a future multi-family buy and hold. In exchange for 20% equity, I would locate the deal, perform minor maintenance and repairs to get property ready, and manage the propert...
Marsha Rost
Title transfer--tax implications
I have a property under an LLC with four partners. There is no mortgage on the property. The house was purchased in cash. We did renovations and added value to the house. Now circumstances have changed and we would li...
Terrell D.
Possible election tax implications?
Hey BP Family! I have a question that I think can be helpful to many. With the results of the election what implications can this have regarding taxes and real estate? Additionally what are some sources you would rec...
Kirk Roberts
Selling property tax implications
So I have a fix and flip that I bought roughly 8 months ago. I now have it under contract. I've been talking with my accountant to try to figure out tax implications or deferring taxes through a 1031. Needless to...
Patrick McGarry
Private Lending - tax implications
I am loaning money to a company that buys, remodels, and sells homes. I am wanting to structure the deals so that my lender profits are capital gains as opposed to interest. Have I been successful?For example, I loane...
Yoni Haiminis
Tax implications for "gifting" $$
I am planing on Gifting a family member some $$ to help them with the purchase of an investment property. I was trying to find out if the IRS has any limits on this and if so how does it affect both my tax return and ...
Lindsey Matejak
Renovations and Tax Implications
Hello BPers! My wife and I just purchased our first property using a personal loan. It is 3 units and will be owner occupied. We did the research about LLC vs Umbrella Policy and ultimately decided on a $2mill umbrell...