Joseph Key
Taxing non-capital gains?
I bought a rental property for 100k 14 months ago. I put roughly 20k into it in renovation expenses. For discussion, let's just say all other expenses sum to be 10k (interest expense, etc.) for a total of 30k in expen...
Alex S.
Seller financing interest only note( tax question)
When you sell a property seller financing via interest only loan. Do you still have to pay taxes on installment sale being that you are not getting any of you principle back yet? Assume pay taxes on deposit portion?
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Margaret Feit
Can I Deduct Any Expenses During a Reconstruction Project?
I had a property that burned down in a wildfire last week. I will have an insurance payout, which I will use to rebuild. For tax purposes, here is my general understanding:The land value on my books will be unchanged....
Jim Smith
Solo 401k Roth and Traditional Funds Accounting
I am new to bigger pockets and currently setting up a checkbook solo 401k plan with the intention of investing in real estate.One point of confusion is how to account for Roth and and traditional funds in the bank acc...
Joshua Fields
Avoiding capital gains by using creative financing
I am trying to get owner financing on a $250k real estate asset. The owner has owed the property between 1-2 years. He is going to make a huge profit. If he agrees to owner financing will this allow him to avoid capit...
Daniel Walker
Can the Buyer help lower the tax burden on the Seller?
Hi Folks,I am investigating an opportunity to purchase from another investor. I am wondering if there is anything at all that I can do as the buyer, to help lower the capital gains (or other) tax burden on the seller?...
Derek G.
Tax implications Selling then buying
Hi All!I know this question has probably been asked a million times. However, my searches are proving futile. I apologize in advance. I have currently ony purchased houses, but am now looking at selling some of them.1...
Anthony Freeman
Seller financing tax benefits
Considering the tax benefits of seller financing for the buyer and seller.
Peter Lee
Can capital gains be rolled into another property via 1031?
Wondering if capital gains from a sale (and capital gains only) could be taken and rolled into a different property via 1031 exchange to avoid the tax hit. Or does one have to take all the proceeds and roll them into...
Courtney Downtain
Traditional or Roth IRA?
Hey BP team!I need some advice on how to pull my 401K for investing purposes. I want to be able to rollover a portion of my current employer's 401K into an IRA account, but all of the FAQ's I have read seem like a Rot...