L.A.: $111M in Stimulus Saved Just 55 Jobs

More than a year after Congress approved $800 billion in stimulus funds, the Los Angeles City Controller has released a 40-page report on how the city spent its share, and t...

Are Grants for Rent, created by the Cares Act, considered taxable income?My gut is they are taxable to me as a landlord.  With that said, here in IL, the State published a FAQ section on applying for the grant and it ...

Hi All, 
I have received a lot of help over the years from the BP community on buying/investing and now im looking for advice on selling. I am looking to offload one of my properties a 2 family duplex in Greenville, ...

I'm a 25 year old Journeyman Carpenter and my wife is a Realtor. We have successfully "flipped" two homes on the side now. We lived in each house two years to avoid capital gains. I did 100% of the work myself, mad...

Hi everyone, I'm a CA resident who just sold a GA rental property that I purchased back in 2017. I thought I did all the math (Federal capital gains, GA taxes) but panicked when I realized I'd likely have to pay CA ca...

Considering selling a CA residential building lot, which is now maybe worth much more than I paid for it years ago.
I would be doing it via a 1031.
I'm not sure how to ask the question so pardon my stumbling here:
The...

Hi BP members. I am CPA that specializes I real estate and international tax. I am also an aspiring real estate investor I hope to connect with other RE investors and share some of my tax knowledge with you all. I’d l...

Hi all,Considering buying/renting a secondary home in California. Idea is to be a short/long term rental property and a place for family to stay (in between the short/long term guests) and eventually use it as a retir...

I understand capital gain taxes vary from state to state on a fix and flip.My question is are taxes assessed on the total sales price of the home or only on the profit made from the home?Ex: Price purchase of flip: 17...

I have a deal that I've been working with the sellers on and their accountant just informed them on the capital gains tax since the rental is in their parents living trust, they said they are no longer interested and ...