I mentioned in a previous post that I had a possible deal fall in my lap in Lexington, SC. Perfect house for investor except...The owner has been renting for 5 years and paying owner occupied property tax ($864 for 2...
I just received back my tax prep from my CPA and it includes my first ever 1031 Like Kind Exchange. The CPA is not including an expense for agent commissions and therefore I am showing a taxable gain. For illustration...
Is there a calculation to determine how much Real Estate you need to buy to bring your tax liability to zero? For simplicity's sake, we can just use straight line depreciation.
I am trying to calculate the cash flow "tax savings" due to depreciation for a property I am under contract for, and plan to rent out.Everywhere I read, I am told to use effective tax rate (total taxes you pay/total i...
In my planning for retirement, I estimate my family annual expenses to be about 100K. I want to know how much do I need to clear in rental income to be able to cover that.
Obviously, the depreciation should make the ...
Can someone look at my novice numbers. The idea is to get is much out as low of tax rate as possible. Then do similar cash out again when DST renew, staggering DST's.
We don't need legacy just income to live. We are...
I'm thinking about investing in some leveraged syndications in my SDIRA. The deals typically take full advantage of bonus depreciation, so my basis is substantially reduced during the first year. I'm not concerned wit...
Hi guys,My 1031 exchange may fall aprat.I am trying to figure out how much would I pay in taxes on a property that I sold?I sold it back in May for 120K, I bought it for 25K back in 2009I am in a 30% tax bracketAm I c...
Hi all,
My husband and I are high-income earners in a high income tax state (California). We currently own a SFR in Texas, but we are looking to purchase another SFR in Arizona. Given our tax bracket, including tax ...
Thank you in advance forum members. I need clarification on how the sale of a rental property would impact my 2018 tax liability. The rental property is in NC where I have no W2-income (currently live in CA). My AGI f...