Do we pay NIIT taxes at the time of sale if we're an investor who used a property management company (or didn't use one)? Anyone know the tax code for this?
This intended only to open discussions on the changes that affect investors. This is to help you know what questions to ask your CPA so you can do a better job of tax planning. I am not a tax guy or a tax attorney so ...
I am looking to speak with a tax professional regarding potential tax implications of selling our former primary residence that is currently being used as a long term rental. Trying to understand if we should sell now...
We are in the middle of a 1031X. My husband and I were on the title and loan for the relinquished property. Do we both have to be on the title AND loan for the relinquished property? or can we be both on title and onl...
Hi Everyone, new to this forum.
How do you think the tax changes will effect real estate investors?
Read this today and thought it was interesting and worth sharing. It is from the Journal of Accountancy. If I am reading it right it is saying that there we will a 3.8% tax on rental income. Please give your feed b...
Hi BiggerPockets,My husband and I are foreign owners of a condo in Florida that we want to sell to buy other investment properties. We didn't form a LLC at the time of buying. Now we're told that we should have in ord...
Hello Everyone,I read that if you've lived in your home for the past 2/5 years and you are in the 0% income tax bracket, then all capital gains are tax free.For example, if I retired in 2015 and receive no taxable inc...
So, I was talking to a friend who is looking to help her father sell his house. He's owned it for many many years and it is in a nice area. The plan is that he will buy a smaller condo for himself and probably another...
A long term buddy of mine just informed me he had purchased a 5plex apartment in California about 7years ago in which he would like to sell now. The property gained about 350k in value(Equity). Meaning if he sells he ...