Reid Hanley
When does the 4 Year count on a Tax Deed Title start?
We are purchasing a property via a quit claim deed that was acquired by the seller via a tax deed. The tax deed was issued in December 2017. We want to attain insurable title to the property and due to prior deed erro...
Adem Tahiri
Depreciation on tax returns (rental property)
I sold a rental property this year and have to account for depreciation I took in prior years. Which form of my prior years tax returns would have the correct amount that I should account for recapturing now that the ...
Adam Juodis
Property Tax increases after purchasing?
I was talking to my dad, who is very skeptical about buying rental properties, and he warned me to watch out for the government raising the property tax after purchasing the property.He told me that in his current hom...
Neera Melwani
Tax Filing & Cost Segregation
Hi Everyone! In 2022, I was taking SL depreciation for my rental properties (1 apartment building and 4 4-plexes). I did a cost segregation study in order to take advantage of bonus depreciation and I have a couple q...
Kaizen B.
Failed to claim depreciation on rental
I was unaware that I would have to pay taxes on depreciation when I sell my rental property whether I claimed it or not...which I haven't done for the two years I have owned it. So now I'm trying to figure out how to ...
Vincent Carosso
Inherited house with sister
I inherited a house with my sister, what’s the best way for me to buy out her portion with minimal taxes taken from her. She has been living there for the last 8 years.
Kaiya H.
NJ Tax Liens -- What's the law say?
Hey All! I am interested in investing in tax liens. Several years ago I read Michael Pellegrino's book on Tax Liens but unfortunately I cannot find it anywhere in my home! I *think* I remember that in the book, he ...
Rashid Khalil
s corp possible ?
I earned 90 k as a 1099 contractor working in my LLC. expenses are around 20 k so NOI is 70k. it appears tax efficient if I tax this income as S- corporation. i do have EIN for my LLC and all income and expenses wer...
Matt Gildersleeve
Arizona Property Taxes Question (Single Family Residence)
Hi Everyone - I am looking to get my start in owning rental properties this year (single family residence) and have been running analyses in different markets throughout AZ where I live. I wanted to get your thoughts ...
AJ Satcher
Taxes Doubled On Property - Has Anyone Gone Trough the Appeals Process?
Hey BP Community!So I got hit with a triple whammy on taxes. I bought a house-hack last summer in which the sellers made significant improvement to the property. The tax assessment last year was based on the home's pr...