Teresia Sayler
Back Door Roth & Roth in same year?
Can a person contribute to both a Roth and a non-deductible Traditional IRA (then convert to a Roth soon after funding) in the same year? I know the back door is a way to fund a Roth if your income limits are too hig...
Joseph Pratt
1031 Exchange across States
I live in California and want to 1031 my investment property in Memphis, TN to buy my brother’s investment property in Houston. I currently own 2 other properties in Houston and want to consolidate my portfolio under ...
Shawn Melvin
Capital Gains on sale of property in Texas 2015
Selling my investment property and looking at a profit of around $300k, wanting to re invest in SFR but what kind of taxes would I be looking at(depending on income bracket) and any ways to avoid?
Ibrahim Hughes
How Does Tax Foreclosure Work In NORTH Carolina?
Hi all. I was just checking in to some land owned by my deceased grandmother and see that a 2013 tax Bill has not been paid. Although 2014 and 2015 were paid (in New Jersey the oldest tax liens have to be paid off fir...
Michael LaMorte
Avoid Capital Gains on a Quick Flip Project
Hi Everyone,Is there a way to avoid the significant impact of Capital Gains Tax on a quick flip and sell project? I purchased a Triplex which I will be converting into Condos and selling each unit individually. I lo...
Corey Meyers
Short term flip ways to save on taxes!! Help
Hello, I am new to the bigger pockets forums as this is my first post!Me and my dad currently flip properties in the philadelphia/south jersey area. The handful of flips we have done in the past have all been long ter...
Sam P.
What to do when a property can't sell or rent? Stuck forever?
I have a crazy question that I wasn't able to find an answer for. What are the options if you have a rental property that is paid in full, but no longer cash flows and no one wants to buy it. For example, lets say y...
Jay Hinrichs
Anybody else have the Oct 15th INcome tax Flu ?
On my way to accountant.. writing checks that I could have only dreamed of years ago when I started If I could have only made that amount of money gross I would have thought I died and gone to heaven LOL... But havi...
Tierra Petersen
How Much Do you Pay on Taxes for Rentals in WA state?
I decided that I need to start paying taxes on my rental units. Is there anyone in Washington that can tell me about how much they pay in taxes for their rentals? In a few months I'm hoping to have up to four rentals....
Ashan D
Tax minimization: Business vs Real Estate ownership
Hi,
I've heard that real estate is a decent tax shelter because it allows for a lot a tax write-offs: mortgage interest deduction, building depreciation, deferring capital gains through 1031 exchanges etc.
I'm less...