Michael J.
Buy, Fix, Sell, Rehab Tax Burden Question, Rates?
Hello,
Just wanted to ask this to make sure I understand the tax ramifications correctly before venturing into a buy, fix, sell property.
If I owned the property and sold it in under a year, lets say...
Rocky Verteramo
fix and flip taxes
Hi guys! So, I am new to the real estate business. I was getting excited about the whole fix and flip aspect but with taxes and confusion of it I'm not sure I am ready without a little advice. I will be meeting with m...
Vivian Huang
Stocks vs Real Estate
Hi BP! My friend previously worked at Amazon and decided to take 10 months off this year. Since she didn't make any income this year, she is considering selling all her Amazon stocks to avoid $10k in capital gains tax...
Sean H.
S-corp - dividend taxes ?
What taxes are dividends subject to (not talking about wages i pay myself)?I believe FICA is exempt? Is it just the dividend tax rate of 0/15/20%, or there any additional taxes this money is taxed? For state, is it ju...
James Walker
Looking for lender recommendation in Texas
I have a house under contract, renter ready to move in and my lender is getting squirrelly on me and asking me to make changes to my tax return that I’m not super comfortable with and they are charging $6k in originat...
Josh Tonnesen
401K/ IRA advice for recent college grad
Hello Community
I am starting a new corporate job, and I am looking for some advice. The employer has a 401K matching policy, and I would want to take advantage of that. Being younger and an investor, I think I wou...
Jim Vinh
Selling previous rental property - need help with decision
I have a SFH that I have rented out for 9 years. There is quite a bit of capital gain on it (about 500K). I am thinking about selling it now that I am about to retire (and the market is high). If I make my this rental...
Julio Gonzalez
Cost Segregation Study on RV & Boat Storage building
If a Cost Segregation Study had not been performed on this $3,000,000 RV & Boat Storage Building located in Fort Pierce, Florida that was purchased in 2020, it would have had first year depreciation of appro...
Shirley McLean
Cap Gains or Loss on TX Inheritance Property?
Crossposted in Texas forumHi,
I'm in Texas and my dad passed away nearly 2 years ago. I inherited his home which is paid for.
I've been living in it and have done heavy home renovations. I know
that if I put it u...
John Burke
Tax in NY after selling a flip
Hello I'm new to the flipping world and was wondering how much tax was charged when you sell a flip. I was told 40-50 percent??? Is this true? Any advice would be appreciated. John