Matt Klee
1031 exchange to new rental, DST, TIC or cash out?
I am selling a rental property in Virginia and am deciding whether to cash out or to defer capital gains of around $220,000. This is the first time selling a rental property where I will have to pay capital gains. I a...
David VanSteenkiste
Too high income to take RE tax deductions?
Does none know if there is n income level at which you are not allowed to take tax deductions fom RE? Ex. If you are a high income W2 employee and want to start investing in RE. How does he 86 tax law effect you? Can...
Tom Walrod
Capital gains if no principal is paid?
We want to do right by our property manager and ourselves. We own a multi free and clear and want to get it into his hands, but also want some income till we die. If we sold the multi to him for no money down and 5% i...
Semilore Lawal
Commercial or Residential property for rental income
I would like to know, is it more profitable to invest in commercial or residential property for rental income. And what is the reason for whatever the answer is?
Esther Tama
Getting ready for tax season
New to REI this year, but prepping my files for taxes in the future. Besides the bookkeeping files from my PM, what are other things I should be preparing and filing to get the best tax benefits with REI? Do you guys ...
Luciano Gaita
Reduce tax liability
This year I sold a rental property with a capital gains of 60kI’m looking to reinvest in something that will reduce my tax liability. I get a lot of ads on my Facebook feed regarding investments that may do that looki...
Kathryn Dunnivant
Opportunity Zone Fund
Hi Everyone,I am closing on my first rental duplex in mid-December located in an opportunity zone. I do not yet have an LLC set up for this property and it will be owned by my husband and me at first. We were planning...
David Roe
Two on title down to one? Any Capital gains?
If two people are on title of a free and clear house. After rehab and refinancing and closing the house is titled into one of the two people at the refinancing. There’s no capital gain shown due to it being a cash ou...
Sim Xing
Section 121 with LLC
I am an real estate agent and investor in CA. Me and my wife have bought a condo and used as our primary residence from 2016 to May 2021.
We rented the house out to tenants in May 2021.
In July 2022, we transferred ...
Maria Zielinski
Buying partner's share of apartment building & limit income tax
I own a multi-unit apartment building with my parents and they are looking to sell their share. I purchased their partner's share about 15 years ago. They have owned it almost 30 years and their accountant is recommen...