Vidyadhar R.
can you invest capital gains in RE for tax avoidance
Hi tax professionals, can anyone please advise if we can invest the capital gains from stocks in RE to defer paying taxes something like a 1031 exchange? Is this possible? and how to go about it. Thanks.
Patrick Britton
Flipping profits and Canadian taxes
Hi,Anyone have an idea how profits from a flip done in the USA are treated tax-wise when the funds are brought back to Canada? A little birdie with the CRA told me that it's typically treated as foreign income, which...
Christian Hanus
Hiring Myself to do a Heaver Turn
I own an investment property in my personal name that I purchased last year, this was done before I started my LLC. My LLC is currently doing a flip on a home that I anticipate closing middle of summer. My LLC's main ...
Sonny Sach
Can I use accelerated depreciation in a syndicate?
Hi,Can accelerated depreciation be used in a syndicate to lower the tax burden?Thanks,Sonny
Chad Clanton
Does the money invested in a still-owned flip from last year count as a tax loss?
It's my understanding from reading here on BP that flipping is taxed as income, not capital gains; as such, would the money from a flip I bought and started last year but which is still owned count as a loss for la...
Tom Patel
Tax consequences for deed in lieu.
What will be tax consequences for borrower of rental house giving property back to lender through deed in lieu with following situation.(1) Lender issue 1099C , No deficiency judgement.(2) Lender don't issue 1099C , N...
Ariel K.
Tax on real estate income
I just have some general questions about taxes on real estate income:1. If I turn a profit on real estate, what tax rate would I pay? Long term capital gains? 15%? 23.8%?2. Is there a way to always avoid taxes even af...
Olga Daisel
Tax question on depriciation of new construction
I have the following case, numbers are made up, but the situation is real.I purchased a house in 2021, rented it out, in 2022 I demoed it and build new, finished construction in January 2023 and rented out almost imme...
DongHui Patel
Best Vehicle to invest in a syndicate syndication K-1
I am evaluating the best methods to invest in syndications, wondering if there are any tips / pointers.A single member LLC, a Solo 401k (tax advantages) or any other type of investment entity and pros/cons?
N/A N/A
Getting around the AGI limit for passive-loss deductions
My wife and I are looking into shopping for a rental property. However, our AGI is above $150,000 a year, and neither one of us is a real estate professional.
Because of that, it looks like I would not be able to ded...