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So, my CPA indicated that a 10301 really won't assist in deferring capital gains because capital gains are irrelevant when selling a short-term investment. His explanation is that the profit will be taxed as ordinary ...
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Can someone point me in the right direction (or refer me to an article) on how much I should expect to hold for capital gains tax for fix & flip deals?
I am in the process of forming my LLC right now, and will be...
Hello, I have 6 rental properties under an LLC that is equally owned by me and my soon to be ex wife. We are going through a contentious divorce and I would like to buy her out, but apparently thats not very easy.If w...
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My wife inherited a property and are not trying to finance it to pay off the other heir. I’m the personal representative on the estate, seems to be causing me trouble getting adscr on it. We’ve updated the house and a...
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For those of you who are unfamiliar, a man was able to trade his up from a red paperclip to buy an entire house in just under a year...
You can read the story and see the various trades he made here: http://en.wikipe...
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Does anyone know what to make of these new IRS rules that came into effect for 2014? (but I believe are back dated to 2011)It sounds to me like we can start deducting a large number of those repairs we used to have to...
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One of the biggest arguments I see around cost segregation studies is the issue of depreciation recapture upon the sale of the property. Do the benefits of the cost segregation study outweigh the cost of recapture? As...
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Hello all, I am brand new to Real Estate Investing and I am in a situation that I believe could be promising. I would like to hear further opinions. Currently, I am paying $942/month w/ $232 of that going towards my p...
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Hi BP community. I'm Neems & I just joined (woohoo). I'm from the central coast of California and am working on developing a RE portfolio. I would like to accomplish this by collaborating with esteemed colleagues ...
I plan to flip a multifamily property I have under contract (have a buyer for it already). The plan is to do a dual closing. I'm looking to limit my tax exposure. I plan to purchase another property to hold in the nea...