Robin Evans
Self employment or long term investment income
Tax season! We bought a property in 2022, remodeled and sold it in 2023, over a year after the purchase. We did most of the rehab work ourselves. Will the profit be counted as self- employment income or long-term inve...
Jennifer Roberts
When can you relist a newly purchased property in a1031 exchange?
I had a question that my QI couldn't really answer. Before I bug my poor CPA again, I'm wondering about the collective consensus of this group. How long do I need to keep a newly purchased property that I exchange in ...
Viraj Patel
How the IRS taxes different income
I recently started reading "Tax Free Wealth" by Tom Wheelwright and I realized how much my knowledge is lacking on the tax side of investing. Further, I realized how confusing the different terms are for the various ...
Bear Geiger
Yet another 1031 exchange question
I am currently working in development of raw land. In short, we by a large piece of land, make improvements, split it into smaller tracks and sell them. At one time I was told that even if I hold this property for o...
Hernell D.
End of Year Tax Strategies
With the end of 2017 upon us and tax season quickly approaching, what general tax strategies should investors, or those looking to invest, make sure they take advantage of in order to get the greatest return and set t...
Richard Z.
Passive income for passive partners of flipping project
Its LLC entity, will issue K-1 for each partners.
Passive income for passive partners - Should it be categorized as ordinary income just as the active partner, or should be short term capital gain? The project is a f...
Robert Hastings
write off consultant fees?
i have a CPA but before i run this by him i wanted to ask the forum first...my rental business has several properties but all my rental income rolls up into 1 LLC. i know some people have different llcs for different...
Jason Mak
Tax efficient way to sell condos
**Posted this in the 1031 section already, but this might be a better place to put this topic**Wanted to check in with BP and see if anyone had any experience with selling new construction condos and any advice how o...
Clarke Wegener
She's a high wage earner, I'm an investor. Tax issues?
Hello all. I have a question my fiancé and I have been mulling for a few months. We want to get married but neither of us are so enamored with the idea that we're willing to take a huge tax hit over it. But we just ar...
George P.
offset rental income with rental loss ?
trying to find the answer but cannot find anything useful.... * I have a rental property that produces 7k rental income/yr.* I want buy a (vacation) rental property that will produce 9k of rental loss/yr.* our MAGI ex...