Daniel Alfandre
Building a house for parents - tax savings?
I am managing the construction of a house on an investment property my parents own. They said they would pay me a fee and split some of the sales profits with me. Any tax savings I can get on this type of relationsh...
Daniel Alfandre
Building a house for parents - tax savings?
I am managing the construction of a house on an investment property my parents own. They said they would pay me a fee and split some of the sales profits with me. Any tax savings I can get on this type of relationsh...
Raju Balakrishnan
Property taxes for Apartment building in Cleveland
How do I figure out what would be the property tax after sales/closing for a property in Cleveland MSA? Looks like tax valuations reset to sale prices in some area, whereas in others it does not reset. Does it depend ...
Daniil Grinchak
Tax Question - Building and Selling New Construction
Hi All,I am looking for an experienced tax CPA in Charlotte, NC area. I have questions around taxes for new construction that I will be selling soon. I have searched through BP but still not confident on what I need t...
Trey Eaton
Tax Adjustment Strategies for Multifamily Apartment Buildings
I have an (11) unit apartment building in Lakewood, OH, and I am trying to figure how to best approach re-negotiating with the county for lower taxes. The property was purchased at $335K and I am paying property taxe...
Account Closed
Tax implication on buildings over 4-units
Greetings,one of the agents I work with in mid-Hudson valley (Putnam and Dutchess) keeps saying "well, because it's over 4 units there are tax implications..."On the question "can you elaborate", I got an answer "well...
Bob Flynn
tax allocation to land vs. apt buildings
I'm a member of a partnership that purchased several four-plexes last year. I have reviewed my CPAs draft tax return and they have allocated 25% of our purchase price to land value and 75% to the buildings. Therefor...
Anthony Burroff
Commercial Real Estate Hacking?
Been doing a lot of reading about house hacking and using the BRRRR but I already like the house I live in and don't want to uproot my family (I wish I'd read more on it before we bought the house we're living in righ...
Kate McClinton
Calculating Building Basis -Appraisal vs. Property Tax Assessment
Is it permissible to use the allocation of building to land from the county property tax assessment instead of an appraisal? My CPA said we had to use the appraisal allocation as it was the most accurate, yet the pro...
N/A N/A
Ways around paying sales tax on building supplies?
Washington state's sales tax rate is out of control - 8.6%. That's a huge chunk of change on the $300,000+ homes we're planning on building this spring.
Are there any ways around paying the sales tax? The builder is ...