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Hopefully someone can give me some helpful info. My main concern is with the tax implications.We just purchased a SFR, actually a Manufactured Double Wide on a Basement and 1 acre of land. The property is being purc...
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has anyone had any experience, from a tax standpoint, in assigning a contract for profit? in other words, what type of income does irs consider this transaction for person assigning?
jim
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Ok... I have been alseep at the wheel for a minute, so I am not up to date.I have decided to sell a rental house that I have had for over 2 years, so it is in the long term catagory. I am selling because I moved out...
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Researching 401 to roth. Is there any way to do without paying an absorbent amount of taxes?
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One aspect of real estate that people don’t always appreciate fully is the favorable tax treatment that real estate investors enjoy.Investors who care only about an investment’s returns miss the very real benefits of ...
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Well, not entirely, but you can shield more of it.
I'm going to use a very round and specific example to demonstrate this concept. Check my understanding of the tax law on this.
Let's say you make x a year. You ...
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The new tax law made it so that the gain on the sale of personal property can no longer be deferred through a 1031 exchange (1031s can now only be used for real property).Likewise, the new tax law made cost segregatio...
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i invest in sub 50k homes.i bough a house for 25k in December of 2016. i have an offer for 59k. what should i expect to pay in capital gains if i sell for a 34k profit within one year (short term)?what should i expe...
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I'm planning on retiring in 4-5 years. Any additional income now will push me into the next tax bracket. I am thinking about getting into buying and holding rentals, and possibly syndications that will mature in 5 yea...
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SFH, long-term tenant vacated & left it very clean. Have not returned their deposit yet.
For some reason, tenant took our electric range that was installed less than 1 year ago, & replaced it with a new mod...