Roudy Hilaire
Selling my first investment property
I bought a single-family property at an auction for $430k cash in October. Two months later, someone offered me $615k for it. Can I use a 1031 exchange?
Ian McDonald
Tax Ramifications... Need advice
So I have a primary residence that I am converting to a rental so that we can purchase another primary. What kinds of tax ramifications will I see if I sell the property? Is there a timeframe where its better or wor...
Jeremy Lee
Co-ownership and section 121
Hi all,
Wanted to pose an interesting question for feedback:
Is there anything in IRS section 121 that speaks to the impact on holding periods when there is an increase in ownership interest in the context of a prop...
Sandra M Matlock
Sold 4 houses, Divorced, and Married in 6 Months During Covid...
Help! I continue to get wrong advice from "expert" tax preparers and this is costing me tens of thousands! It's complex, but someone knows the answer!! This is basic info below without selling fees, etc included. F...
Malachi Chapman
sell one house and buy two?
Hello there,I am a Primary residence homeowner here in DFW. My home was purchased for $199K in 2019, now almost 4 years later the house is worth 300K market price. We would receive about 125k in equity if we were to s...
Neil Smith
Deferring taxes on profits from sale of primary residence?
I have a potential client who owns a home in Boulder that is their primary residence and it worth ~$1.3M and they have >$500K of equity in the property. They're wondering if they sell and put all of the proceeds of...
Kris Kahrs
Best way to avoid paying Capital Gains Tax on primary residence?
Hi All--my husband & I are in the process of selling our primary residence in Los Angeles. We have a lot of equity, we've been in it for 20 years in a trendy neighborhood. We bought the home for $230K. We may h...
Dawn Hall
Getting insurance in LLC name
I am going to buy a property with a SDIRA. Will need to insure it. The IRA is in an LLC. Since I cannot have anything in my own name, the insurance would be written to the name of the LLC. Are there any special co...
Scott Smith
Opportunity Zones Investing
I was not sure where to post this. Is anyone investing in Opportunity Zones either directly or through a platform? If so, what strategies are people working on, and if you are using a platform, which platform is loo...
Jeongmin J.
Sell with $500k for tax benefit?
My primary home has gained its value more than 500 K since my purchase. Further gain will be taxed as ordinary income. Should I sell the current home and buy a new one to take advantage of the tax benefit again?