Andrew Guza
How to claculate taxes on a new rental?
Hi everybody!I am thinking of buying a rental in Maricopa county.Trying to figure out how rents will be taxed? Rent is 1K per month, so 12K per year. Property taxes are 2K/ yearHow am I gonna be taxed on the rents tha...
Mark Dowsett
How do you properly calculate anticipated property taxes
Hi everyone,I am in the process of purchasing an apartment complex and I am wanting to confirm how to calculated anticipated property taxes. I obtain my GP from being the deal finder, but I wanted to make sure the fin...
Clayton Crawford
The difference in tax value and market value
I would like to get feedback regarding the difference between tax value and market value. examples of why sometimes tax value is higher or lower?can it change back and fourth? why? when?can we use that to determine/pr...
Steve S.
Tax question on rental income
I'm trying to get a better understanding of how much of my rental profit I may be able to keep. If my AGI is $150,000 and my rental profit is $24,000 for the year, after paying the PITI and expenses, in a rough estim...
Woojin Joo
how to calculated expected tax savings with first property?
How much tax savings can be expected with my first investment property? How can I do the calculations myself? I pay a lot in taxes in my W2 job, and would like to know how much can be offset.Does the math change signi...
Nick Clayville
Capital Gains Tax and HELOC
I am looking to sell a rental property and have a mortgage and a HELOC (Home Equity Line of Credit) against it currently. If I were to sell is the profit (taxable amount) considered the sale price minus mortgage + HEL...
Jeff D.
changing llc members.....a tax event?
Hi! Is transferring 100% interest from one single member to another single member a taxable event somehow? Does there have to be a "purchase" of that membership interest by the new member for some dollar amount fr...
Kevin Chin
Cash on Cash Returns with Taxable Equivalent Adjustment
Hey BP, I've been researching and searching intensely for the past month or so. I'll bold my key questions.My question is Cash on Cash Returns and comparing them to other forms of investment. When I am looking at rea...
Miya Jones El
Confused Baby Investor
Greetings Bigger Pockets tribe. I recently picked up David Greene's BRRRR book, started reading and am a little confused 🙏🏾😊. I was hoping someone could clarify something for me.In his explanation of how to calculate...
Brett Smith
Capital Gains Tax on House Owned Less Than Two Years
Bought a house (our first) we’re not happy with and plan to sell before 2 years of ownership. The market is hot so we might make a profit.
How do I calculate the actual capital gains profit?
When I calculate taxes...