I wanted to know that how can I avoid paying capital gains tax if I want to sell the property. I know we do a 1031 tax defer exchange but thats only for investment properties. But how can i avoid paying capital gains ...
Hi guys,
I have a tax related question if any of you guys have personal experience or knowledge.
This year I have invested in several syndication's as an LP (passive investor) at the same time in which I have sold a...
Hi Community Newbie to the community looking to get started in rental properties. I've heard of people using rental properties to lower their taxable income but I'm not clear how this is possible. From what I'm gath...
Let's say I was an LP on an apartment complex that sold this year and while answering TurboTax's questionnaire, it asks for two very fundamental bits of information - the Adjusted Basis and Final Sale Price. As basi...
Hello my fellow investors!I had losses on my rentals last year as passive losses (I'm not a professional real estate agent).I make $150k so cannot use them to offset my capital gains. This year if I have gains on my r...
Is there anything or way to deferred the profits from my main home after the 250k. Im looking to buy more investment property's with it. plz help on this
We have almost $30k of built up passive losses from depreciation, repairs and improvements. Due to our income being over the AGI cutoff we are only able to apply these losses to the cash flow of the apartments we o...
How do you calculate cost segregation tax benefit per investor based on dollar amount invested in a multifamily syndication? For example, if the total tax benefit from the cost segregation is $2m , total capital raise...
can someone give me a quick summary of the tax benefit to owning a rental prop? i understand about using all the expenses to help offset the income generated by the property, then with depreciation, you may end up in...
Hello everyone! Question regarding my first rental property and taxes. I purchased my first rental property (4plex) back in July that’s taken a lot of expenses; down payment, inspection, repairs, rehabs, etc. From my ...