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Results (10000)
David Zheng How do Taxes work Selling an Investment Property?
27 September 2017 | 8 replies

Hi Guys, quick question. So I'm looking to sell a condo I've only had for about 10 months. Going to use some numbers for examples with my questions at the end100k purchase price  20% down 80k equity in itclosing costs...

David B. Section 121 exclusion: date of sale for Lease Purchase agreement?
13 April 2020 | 5 replies

I converted my primary residence to rental in Dec 2014.  In Oct 2017, the tenant agreed to purchase the home. Although I sold the home at a significant loss, I'll actually end up with a gain due to depreciation recapt...

Ryan Watson Deductable Expences
19 March 2013 | 15 replies

Is there a limit on the amount of expences a landlord can deduct from taxes per year? Such as replacing things that are coming up due, such as floors, siding, and windows?

Skai Bateman Capital Gains tax on former residence
4 April 2013 | 9 replies

Thanks for any advice. I know tax laws are changing right now, so I am unsure how much of a burden capital gains tax is going to be in 2013.

We are planning to sell a downtown condo that we own, that was our residenc...

Carmen Ngai Depreciation and tax liability
18 December 2019 | 4 replies

Hi Everyone, 
I am just starting out and looking for a rental property.  So, I have lots of questions, especially about depreciation.   I'd like to evaluate how it affects the tax consequence when I sell it some day....

Yoochul C. Cashing In My IRA
9 September 2016 | 3 replies

Hey all,I recently sold a home in 2016.  Unfortunately for reasons I don't want to get into, I couldn't do a 1031 exchange.  So I had some capital gains plus depreciation recapture.  So I know i'm due for some taxes o...

Tyler Turcasso Depreciation Expense sends my EBIT line negative on pro forma
3 April 2017 | 1 reply

Hey All,I'm new to the investing world so my question stems from the effect of depreciation expense on my EBIT line for potential properties. More often then not, building in a depreciation expense sends my EBIT negat...

Ryan Kephart Taxes on Flip Project
9 February 2023 | 3 replies

Hello,
I just bought a property for 160k in 2022, spent roughly 40k on it, and sold it for roughly 210k in 2023. 
I'm confident I will be able to figure out how to write off the 40k on my 2022 tax return. I think I ...

Chris Gilbert 1031 exchange cash out offset by passive losses
18 May 2021 | 5 replies

We did a 1031 exchange in 2020 where we exchanged a smaller, older house we bought in 2010 for a much larger, newer house.  The exchange went well.  When we did the exchange, we took out $25k knowing we would be taxed...

Kalen Adamson moving capital from stocks/ETFs or shares into real-estate
7 March 2024 | 7 replies

Hello, I'm new on the forum, so not sure if this is the right place to post this. I have an LLC that I'm looking to purchase some real estate with, but I might finance the real estate with some money that I currently ...