I want to use a home I own as a investment property even thought it was purchased as a primary property when I bought it. If I just turn around and rent it out how will this affect future taxes ? Etc how do I go about...

A friend just told me he is getting a divorce, and they have owned their home for less than 2 years. (February 2016 purchase date.)How does divorce affect Capital Gains on this purchase? After one year, it's long term...

How To Be A COMPLETELY Passive Investor 

Possibly the most beneficial reason to consider investing in real estate syndications is that you have the ability to be a passive investor. In most investments like these, ...

Thank you in advance forum members. I need clarification on how the sale of a rental property would impact my 2018 tax liability. The rental property is in NC where I have no W2-income (currently live in CA). My AGI f...

Can anyone quickly share a math model of a the depreciation recapture scenario below? Thanks in advance for considering.
Purchased a home for $700k
Completed $25k in renovations
Completed a cost seg study (80% bonu...

I am a real estate professional (claimed status in 2020) and my wife is a high income earner. I am buying a 3 unit and we are both on the loan and both on the title. The plan is to claim bonus depreciation to offset h...

Hi, I know this is a question for a CPA and I will schedule a meeting with him, but in the meantime, I wanted to see for those of you who might already know....I have an LLC that contains 5 properties and I have been ...

Greetings my name is Gail Boucher. I 70 y.o. and own a 3 family which im sick of being a landlady. I bought the house for 230 in 2007 and its worth 600 now. I dont want to buy another rental obviously but i want to av...

New job is going to take me away, having me moving from my primary residence and hoping to rent the house out. I am wondering how this is going to affect my tax liability on what was my primary residence. Don't want a...

Hi,I am considering selling my rental property which I purchased for $380k 10 years ago and currently has a market value of $310k.  I am married with combined yearly income of  $150k+ .  I have 2 questions:1) Are 1031...