In reviewing my taxes for the upcoming year, I've been looking more closely at my Schedule E and reading more about depreciation and cost basis. I know that your cost basis needs to be accurate, a number the IRS agree...

Hi,I have an opportunity to purchase a few duplexes via seller financing. I am in the process of conversations with the seller and I want to show them some of the benefits of an arrangement like this. My question is c...

Some holiday tax planning raised the following question:

Back in the glory days of yesteryear, when I had an Edward Jones guy, I unfortunately found myself overallocated in my Roth IRA, and attached to my return was ...

Hey Everyone! I was curious if anyone has either (a) a good tax resource for house hackers and/or (b) a good recommendation for an accountant familiar with Short Term Renting and house hacking. 
I currently house hac...

I have a tax question.  I own vacant land in CA and would like to transfer title to my TX LLC. Would CA consider this a taxable event?My long term plan is to sell the land in CA and do a 1031 exchange into property in...

Hi folks,I'm working on a Flip (my 1st property) with a JV Partner in Albuquerque, NM.  I'm having a discussion with my accountant at the moment about sales tax.  He's my personal accountant who I'm trying to convert ...

Have you ever found yourself having to pay into the IRS for income taxes on your real estate properties? Before sending in the check, be sure to take a look into an engineered cost segregation study to see if you coul...

HI All this is my first time posting in the BP forum!
I am moving from my 2-family house to a new single family house in a few months. The house was bought in 2016 for 600K and has appreicated to around 800K (based o...

I'm currently in the process of doing a cash out refi on my primary, and plan to use the proceeds to purchase more rentals. I am planning on counting the loan as a loan not secured by my home per IRS publication 936. ...

Hello,

I have a question about the sale of a property and the principal residence exclusion principle of the TaxpayerRelief Act of 1997. How does this apply to someone living in a four unit or less property and has b...