Fernando Guzman
Am I Limiting My Wealth?
Thank you all for taking the time to read and provide any advice on my situation.
I’m currently facing a decision with my two properties and would appreciate your guidance. Here’s the breakdown:
- Property 1: This p...
Jessica Kirkpatrick
Opportunity ZONE HELP!!!!!
Hello, I need some help understanding the new tax laws. My client wants to sell his 5+ unit for $600K and buy a house w studio for his art business with proceeds. Right now he'd have to pay $120K in capital gains (20%...
Kimberly Rushing
Seller Financing
Many people proclaim the wonders of seller financing, and claim that one of the primary benefits to the seller is the "minimized tax burden." Can someone please walk me through exactly how this works? I imagine the na...
Melanie Johnston
Great Article on Opportunity Zones in Phoenix / Arizona
Opportunity zones in Phoenix are a hot topic. This article explains what they are and explores both the good and bad of Opportunity Zones here. Thought it might be useful for current and future investors in Phoenix, S...
Josh Page
Tips and Tricks around property gains taxes
I’m looking into buy my first flip in Madison, WI. I’m curious about property gains taxes and how other investors deal with them. Are there ways around them without living in the property for 2 years?
Andy Verge
Capital gain tax inquiry
Looking for information regarding Maine's capital gain tax. Can't seem to find anything definite about the actual percentage. Our accountant says one thing and I am finding something different. They are telling us tha...
Michele G.
Wrapping my head around 1031s
We are planning on selling a SFH rental this year. We have a ton of equity in the property so I am trying to learn about 1031s.
Here’s what I calculated using rounded numbers:
Cost 150
Cap impr 70
Depr 105
Basis 11...
Joseph Medina
WARNING! Biden's Tax Plan: The Investor's Worst Nightmare
IRS peeking into your income, Realized Cap Gains Increase, UNREALIZED CAP-GAINS TAX, DEATH OF THE 1031 EXHANGE AND MORE!!!
(I AM NO CPA AND THE FOLLOWING ARE MY VIEWS BASED ON MY INTREPRETATION OF THE ATTACHED DOCU...
Russell Roberts
minimize capital gains tax on sale of appreciated farm land
My father, who is nearing 80yrs and in reasonably good health, wants to sell 52 acres of farmland. It was purchased 45 years ago @ $250/acre and is now worth $5,000/acre. He's interested in providing seller financi...
Val Deleon
Capital Gains question.
We're looking into selling a current rental property to my daughter. It would be their primary residence. We purchased it for 127,000 in 1995. It's current estimated value is 330,000. My question is what capital gains...