Mindy Jensen
Does "Credit at Closing" have any Capital Gains Tax Implication?
I need to reduce the price of my property for sale. A reduced list price means I'm paying less in Capital Gains Taxes. How would a "Credit at Closing to help with Buyer's Closing Costs" come into play?Does this also r...
Arjen Mercado
Tax Implications of Owning a Rental Property Out of State
Hello everyone!
My wife and I are very new to real estate investing. We are both full time software engineers and are very motivated to start our real estate investing journey -- rental properties in particular. We l...
Ali Mol
Capital Gains Tax Implications for Property Deed Transfer to LLC
I have thoroughly reviewed Publication 523; however, it does not address the specific question I have. The scenario involves a couple who have decided to sell their property to leverage the advantage of the capital g...
Alex Murkes
Tax implications of buying property at the end of December?
I just closed on my first investment property on Dec 22, but had no rent or expenses in that year.Until now I've always used TurboTax, my situation has been simple (W-2s, interest and brokerage 1099s) but I plan to fi...
Mohamed Elkashlan
Tax implication on foreign owner with two US residents investing
Hi everyone
This is my first post here.
I’m new to investing in real estate in the united states and I’m trying to plan and wrap my heads around things. I live in Spain at least for now and am planning to bu...
Christopher Leavitt
Tax implications for using personal home equity for a flip
Hi all, I have a rather unique situation here. This is a situation in Massachusetts. I took out a refinance on my personal house to pay off my girlfriend's (now fiancée) house due to hardship on her part. I placed a p...
Max Smetiouk
HELOC from Primary residence to buy land and tax implications?
Hi,Could someone share any IRS experience or their stance on tax deductions changes that went into effect after 2017?Question, can i use HELOC from primary residence to buy land somewhere else and be able to deduct in...
Joshua Ferrey
Tax/Legal Implications of Large Deposits into Personal Bank Accou
Hello all! So I was wondering if anyone could help me with advice or possible experience with what the legal or tax implications might be when my investors give me large checks which I deposit into my bank account aft...
William F.
Tax Implications of LLC holding companies in operating S-Corp
CPAs and others,
LLC if you have assets to protect.
Don't hold property in a corporation.
BUUUT -
What about the multi-entity model of an operating corp with SMLLC holding companies?
Does the transfer of an LLC...
Nicholas Misch
Tax Implications on my previous rental for only 6 months.
Hello Everyone,So 6 months ago in June we moved into a new home and then in July we rented our old home in Parma, Ohio. We are going to see our tax advisor next month and I want to make sure I am informed. My question...