Anthony Angotti
1997 Taxpayer Relief Act
Hello,
I have a question about the sale of a property and the principal residence exclusion principle of the TaxpayerRelief Act of 1997. How does this apply to someone living in a four unit or less property and has b...
Bret Clayborne
How is the deduction for Depreciation handled
On a buy and hold rental property the purchase price was less than the value of the land itself. How is this accounted for taxes purposes (i.e. Depreciation) j
John Tan
tax consequence of converting rental into a primary
I am placing a house into full time short term rental to try it out. But what are the tax consequences if I discover it is not as profitable as originally hoped and convert it back into my primary residence the follo...
Alex T.
When to pay taxes on a flip property
Hi Everyone - I'm looking for some advice on how to report my 2017 taxes as it relates to rehabbing expenses.I just finished renovating a single-family house that I purchased at the end of July 2017. I own the propert...
Alex Natanson
Capitalizing flip expenses
I'am relatively new to USA flipping business but have a strong experience in other countries with a different kind of accounting/tax systems . I have looked through the search but have not found something correspondin...
Melissa Jones
Q for CPAs. David G once mentioned doing a loan every 15 yrs
Hi CPAs, David Greene once mentioned taking 15 properties where you own them free and clear and doing a loan on one every year for 100k for a 15 year term and every year doing this with one of your properties to live ...
Jaco Braja
Understanding Tax depreciation
Hello guys, I am new to investing.I keep hearing about tax depreciation, but I don’t understand exactly how that works.Can someone explain that please or give an example.Appreciate it!
Daria B.
Depreciation (rental and flooring) - selling rental
HiIn selling a rental property I know anything that was being depreciated is subject to recapture.My question is, if I spent $7k in 2019 on flooring that is depreciated over the years of 2020-2023, and I sell in 2024,...
Connie Sullinger
using a 1031 exchange
I am a homeowner and wondering if I can move out of my current home, rent it, and use a 1031 exchange to pay the current mortgage and home equity line of credit. Can anyone help with this question? Thanks.
Kyle Rice
Tax help
Is it better to claim everything you can as far as write offs or pick and choose? I've had people tell me both. I'm a new 4plex investor and I'm pretty clueless on doing taxes for real estate business. I want to buy m...