Josh Chappell
Protecting cash from tax hit with property sale.
I have a property in the works that could potentially net a big lump some of money on a property sale. As to date, I have not sold any properties, just buy and holds. I am asking for all advice on how you all are mini...
Hardy Davis
How to turn equity into cashflow.
Howdy BP community. I had my first house hack go very well in a class A neighborhood. Since then I’ve moved out rented it out and working on a live and flip for my second property (sf) so I can have a house of my own...
Andre O.
Residential Rental Property Depreciation
Can you take full depreciation on rental property as well as deduct maintenance, repairs, upgrades if you are renting out two rooms and living in a third room oaks primary residence? Are property taxes and HOA tax de...
Josef Torkelsen
Tax on home versus rental
Appreciate if someone can help give guidance on our situation. We will seek CPA guidance before we actually commit. We currently own a single family home in Orange County. It is too big for our needs and we are on wit...
Brian C.
Fix & Flips Tax Strategies - Am I missing anything??
My two partners and I recently formed an S Corporation with the goal of generating cash flow from fix & flips so we can reinvest the profits into long-term rentals. We decided on an S Corp so we could reduce SE ta...
Nimit A.
1031 Exchange Primary residence
I have a question for which I couldn't find the answer to easily. I am in the current situation:I bought a property for x in CA and now the property is worth X+y where y is >> 500k therefore I have to pay a lot ...
Alec Pinchak
Early employee @ IPO Fintech (need help!)
First time going through an IPO (AFRM). Looking for any advice/strategies for:• deferring/optimizing cap gains tax• finding the right CPA (well versed in pre ipo options, RSUs, multi state residency during tenure, etc...
Paul Kienetz
1031 exchange effecting ADA/Obamacare
Does the profit from selling a property with a 1031 exchange affect income requirements of the ACA/ Obamacare?
David Edelstein
1031 Cash Out Question
There are two properties, the investment property to 1031 and my primary home. I need $100k out of the investment property to lower the principal on my primary and refinance it. I am already planning on selling the in...
Nathan H.
Complicated Capital Loss/Gain Question for all of the tax wizzes on here
Hello BP!I'm trying to file 2022 (I know, I'm late) and I have a question on flexibility in deciding when I can use capital losses. I want to take advantage of the 0% LTCG rate up to 90k-ish MFJ + standard deduction, ...