I began putting aside a percentage of my modest paycheck and doing side work to come up with additional money to invest in the stock market starting in 2008. From 2008- early 2014 I made very nice gains but they have...
Hello! My wife and I own a vacation beach rental property. With the market going crazy, we are evaluating selling the property (along with some other reasons). The area I am having trouble with are the capital gains t...
Hi All,I have both a self directed traditional IRA and Roth IRA. I'm wondering if it is possible for my annual contribution to move assets from the traditional to the Roth rather than contributing new money to the Rot...
am seeking mentoring on a simple tax related question.
My IRA bought a rental that's I'm thinking of renting out as SEC-8. My PM sent the paperwork, including a W-9. My desire is to keep this rental income, p...
Have you ever wondered if you’re paying too much in taxes? For buildings that are mixed-use meaning to have areas that qualify as both commercial and residential spaces, the tax law can be even more complex and confus...
Hi,We are contemplating selling one of our investment rental properties in a profitable market, and intend to encash all money.We had below queries:Sell Price = Initial Principal Downpayment + Loan + Closing Cost + Ta...
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...
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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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...
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...