Joshua Dolan
Own our home and looking to move
Wife and I own our home in MD and are looking to move to a nicer coastal area fairly close by. Our home could likely sell in the 500k range and we would upgrade to a home in a nicer area in the 700k range. We could re...
Seidy Lasker
Flipping Property in S-corp
If someone is a "real estate dealer" and can't report profit as short term gains from developing or flipping property, then wouldn't the best option be to buy and sell through an S-corp since they're a business?
Diane Tycangco
100% Financing = No Cash Flow?
Hello friends, I am thinking of pulling equity from a paid-off rental and use the money as downpayment on another rental. The rest of the money will also be from another loan. In effect, it will be 100% financed by ...
Lucero Sanchez
We sold our primary residence to move to a better primary residence will I need to pay taxes on the profit?
In 2012 we purchased our primary residence for $60k it was a short sale and we bought it with out any loans, a year in a half later we found a larger home in a nicer area also a short sale for $157k, by that time o...
Tom Rairdon
Tax considerations when selling a short term rental
Hello all,
Has anyone sold a short term rental owned over a year as a non real estate professional that qualified as short term capital gains tax deductions with expenses and depreciation? Did the proceeds from the ...
Ryan Kaysen
Calculating Capital Gains tax
what is the best way to calculate the tax due on the sale of investment property? I have had mixed results from different sites and would like a solid answer. They all seem to be pushing 1031 exchanges which I was not...
Account Closed
Trying to estimate sellers capital gains tax
I am trying to put together an offer with seller financing on a package of houses, think mobile home park but slab houses.I am trying to estimate the capital gains taxes the owner will encounter if a cash sale - to be...
Henry Lazerow
Ways to offset EOY cap/gains?
I changed some positions and now my brokerage account is showing a $30,000 capital gain for this year, any way to offset this? Either through an opportunity fund investment or by accelerating depreciation on my 4 unit...
Neal Collins
Keep the deal alive!: How to help seller avoid capital gains
We are looking to purchase a duplex from an absentee owner who acquired the place 13 years ago for $175,000. He is willing to sell it now for $250,000, but he has a $150,000 mortgage on the place. We almost lost the d...
Trevor Tso
Need advice renting to retired parents
I bought a second home as primary residence and would like to move my parents there (so they can help out for my child care and I can help them with $, they are little tight).
How can I get the most tax benef...