Don B.
My First Year's Taxes Vs National Average On Schedule C
I am new to this forum and would like some advice i am a wholesaler and this is my first year in business recently open an online IRS Filing account and upon filing my return i received this profile of folks within my...
Account Closed
Trying to estimate sellers capital gains tax
I am trying to put together an offer with seller financing on a package of houses, think mobile home park but slab houses.I am trying to estimate the capital gains taxes the owner will encounter if a cash sale - to be...
Andrey Y.
$40K tax bill seems off
I just got a draft from a CPA, that I need to write a check of $40K for taxes.
I have in my email where he said even if I don't do a 1031 exchange, my capital gains will be offset by passive carryforwards. I've had i...
Michaela G.
China starting enforcement of taxation of overseas income and investments.
So, with China starting enforcement of their 1993 tax code, which requires Chines citizens to pay taxes on any overseas income and declare overseas investment, I wonder what the effect will be on the Westcoast housing...
Ray Li
Private Lending in SDIRA: Traditional vs Roth?
I'm considering setting up SDIRA LLC for doing private lending. Seems like that's the best way to invest that while avoid UBIT.My IRA money is in a traditional IRA right now. I know the main decision factor between le...
David Chappell
Taxable Income higher than Cashflow?
Hi everyone, I am running the numbers on a potential property and Im making sure I am doing this correctly.Here are the #s, if these look right I am paying $803 in taxes on a property that Cash flows $1,574??
Gross...
Wa Chan
Thoughts on pulling out retirement to invest in Real Estate?
Hello everyone!I'm a newbie to real estate investing and the quest for early FI. I've been saving to invest in my first property (likely a house hack either multi-family or renting rooms in a single family) in the Por...
Joe Dice
multi-family capital gain tax in NYC.
Hello,New to the forum, feeling very much like a newb in this whole real estate tax world. Hoping someone can help clarify some information I've gleaned from my accountant. Thanks in advance for any and all help to pi...
Sagnik Lahiri
1st flip ... good profit...but I'm afraid of taxes!
Hi everyone!
Bought a property under my name for a buy and hold. Got great interest and now I'm fielding offers.
Bought it for $110K, spent $70k in fixing it. Have 2 offers for $260K.
Now that the flip is a vi...
Joe Szymczyk
Rental properties when to sell
HelloWhen is the best time to sell rentals after holding for years....assuming no big jump in valueSeems to me if the market is steady...putting a long. The best time to sell rentals before retiring is to get to the p...