Mike Mefferd
Tax Implications of Selling Property from one LLC to another
I am looking for tax advice if I sell a property from one of my LLC’s to another LLC that I own. WIth this sale, it would show $150k loss and I wanted to know if this loss could be deducted on my taxes. Looking for an...
Ryan Hoffman
Quit Claim deed investing as rental property and tax implications
Hey everyone, I have a question about an individual I met who says they he "owns" over 200+ properties by way of Quit Claim deeds via pre-foreclosure sellers. In other words, home owners facing foreclosure, $1 deed th...
Mary P.
Tax implications - Using IRA and/or SEP for funding REI
Thanks in advance for answering this for me:If we take money from our IRA or SEP to fund an investment property, what kind of tax implications would that have? The IRA is actually a beneficiary IRA and the SEP is pre ...
Bryan Pham
What are the tax implications of buying property in Canada?
Hi BP,2 months, I traveled to Vancouver, Canada and I noticed a lot of real estate activities going on. I been wondering as an invest from the US, what are the legal and tax implications of owning properties up there?
Christian Flanders
Tax implications for cash-out refi of an investment property
Hello!I am planning to do a cash out-refinance from my investment property to fund the down payment on a primary residence. Will the interest I pay on the refi be tax deductible since it is being used to purchase a pr...
Jeanelle Ignacio
Strategies & Tax Implications for purchasing commercial property from parents
This is my first post for some insight on this great forum...and it's got a ton of moving pieces.My husband's parents own commercial property (free & clear/no mortgage) on a large lot that has a board and care (as...
Kyle Seidel
Tax Implications for Moving out of My Owner-Occupied Duplex
I currently live in an owner-occupied duplex and will be moving out next year and then renting my side. I have some questions and am double checking what my accountant has done so far.1. My side is 3 bedrooms. I have ...
Christopher Riley
Capital Gains Tax implications from quitclaim deed transfer to LLC
Good morning! I'm planning to start renting out my primary residence and would like to quitclaim transfer the deed into an LLC (just me and my wife). We may sell the property after 2 years. Will we lose the primary re...
Shaival Patel
Tax implications of in ground pool first year of STR
Hi,We maybe considering buying a brand new property for STR purposes. Also looking to tap into tax benefits of self managing STR. Is it advisable to place the in ground pool first year of owning the property? In do...
Corey McKinney
Cashing out stock to invest in real estate? Tax Implications?
Can someone explain the options for cashing out money from an individual stock to then invest it in real estate? My wife was given a lump sum of stock in an individual company (Big corp./low risk) that a family membe...