Amir Navabpour
What costs can I add to my cost basis when selling a property?
Trying to decide if its worth the 1k fee, and the hassle of beating the 45 day window to find a replacement property that the 1031 rules call for....Bought the property for 112k, and it will sell for 148kI am creditin...
Ian Russell
Getting conflicting answers about tax exemptions selling my house
So I am trying to see if anyone know the answer to this question. I am selling my house in San Jose in which I lived in for 5 years. I moved out last year and rented it out for the whole year. I bought the house ...
James Slaughter
Selling Rental Property, Tax advice?
I own a townhouse that I moved out of in December 2012, and current tenant is purchasing next month. Since I have not lived there two of the last 5 years, am I correct that I will have to pay capital gains on the dif...
Roman Rytov
1031 with three properties and two owners
Never did 1031 but based on what I read it may not be an option for my situation. I owe two duplexes in my name and my wife another one. Can we sell the three on 1031 and exchange it for a single larger property? Prob...
Vaishal Patel
How can i show "Material participation" to claim passive losses?
So i was researching about passive losses and i found out that i cant claim passive losses if i dont materially participate in the property or (if i am not a real estate professional). How can you show material partic...
Richard Z.
Passive income for passive partners of flipping project
Its LLC entity, will issue K-1 for each partners.
Passive income for passive partners - Should it be categorized as ordinary income just as the active partner, or should be short term capital gain? The project is a f...
George Chung
Is my CPA charging too much for filing Umbrella LLC?
Hello Guys,I have an umbrella LLC in neveda and I have 9 properties total that is included in this LLC. My CPA just billed me for $4650 for Tax preparation for management LLC. Isn’t this too much?Thank you in advanced...
La Ferria T.
Introduction--New Member (Alabama)
Hell Everyone, I am a new member to Bigger Pocket member, however I have been poking around for a few days prior to this post. :)I am a novice investor currently investing in local Tax Lien Certificates in my area.I a...
Christopher Abele
First Investment Property (SFH w/ questions!)
I am now under contract for my first property.
We are purchasing with cash, will be renovating the property and, at some point in the future, will likely use it as a rental. (There will be some personal use first.)
...
Allan Pilapil
FHA loan to 1031 exchange ?
Good afternoon bigger pockets!I currently have a SFR with an FHA loan. What are the steps I need to make to turn make it eligible for a 1031 exchange? Do I have to refinance? Get more equity? Solid credit score?I trie...