Chris Claro
1031 guidance for an unsual situation
Hi Guys, First post on here!I sold a warehouse that I owned since 2011 this January and did an exchange carrying over $1m into another commercial property purchase price $1.5m.Im currently submitting plans to the city...
Jesse Giacomelli
primary residence to rental, then 1031 to primary?
Hi guys,
I'm fairly new to 1031 exchanges and had a question about 1031 exchanging from rental to primary residences. Here's the scenario:
I've owned a home in California for the past 3 years. I plan to...
Divya Sharma
Do you hire an exterminator?
Hi good people. Our tenant is asking for a different exterminator because she is not happy with one we are using. My question is, if there are ants after the first treatment/first visit, can she legally ask for a ne...
Ron K.
Taxes: When is it considered sold
I think I have seen this discussed but I can't find the thread. My question: For determining capital gains, when is a house considered sold. When the contract is signed or when closed?
Lynn Milos
Memphis Termite inspection - Ridiculous
A client did a termite inspection and it shows "no active termites found and tubes were dry". In the same report the inspector is recommending to the buyer that We (the seller) "treat for termites against further ter...
Michael Plaks
Tax Loophole: backdating 2023 expenses to Dec 31, 2022
Apology for the click bait title. There is no such loophole. However, one Texas CPA claims that there is.Today, one investor publicly posted (and then wisely removed) a quote from his CPA suggesting this hat trick: be...
Account Closed
UPREITS and NNN Leases Under the TCJA
Does anyone have information or experience in creating an UPREIT? Here's what I'm thinking. Under the TCJA NNN properties are excluded from the 199A deduction. There are plenty of NNN properties in partnerships that a...
Steve S.
Do you have tenant cover costs for pest / cockroach removal?
The best price I've found is $49 for first treatment for cockroaches and $99 per quarter after that with a 1 year commitment. Would you have a tenant cover any of the costs for this or pay for all of it yourself as t...
Peter Bardou
Cockroach infestation question?!
I have a property that I can’t prove a tenant brought in a roach infestation. Their lease doesn’t state anything about the event of an infestation( all of my leases now do).
My question is, in the case of a cockroac...
Stephen Huff
Tax treatment of gain/loss & expenses on distribution from SDIRA
Rather than going through the RMD process, I'm considering just taking a full distribution of several properties I have in an SDIRA. How do I treat the long-term capital gain (or loss?) on my tax return? On a 1099-R, ...