Recently I asked a question if there are ways to minimize my capital gains tax on my primary residence as I will only be there for a year before selling. I received a response that I wanted some additional feedback on...
Hello Experts - Hoping you can help me with this please. I have a 1031 exchange and identified 2 replacement properties. One of the properties I got into a contract with the builder prior to setting up the 1031 exchan...
Can you offset your capital gains from a stock sale with your depreciation from real estate if you're a real estate professional?e.g. If you get a lot of bonus depreciation from performing a cost seg on a property, ca...
I am close to closing on my first flip. I have paid mostly cash along the way (year and a half) So I am needing to keep some cash out of the 1031 exchange. My question is if I bought the house for 10k and put 30k into...
I am starting to expand my portfolio in real estate, I currently have a primary residence, a duplex, and closing on a SFH rental soon. I also want to invest in equity and futures market as well. Does anyone have any e...
I consider myself a real estate professional, I put well over 750 hours per year buying, selling, maintaining and managing my own real estate as well as real estate for others.
That being said, does a real estate los...
I have 2 different types of investmentsa) rental - keeps on giving me passive losses because of depreciationb) K1 syndicates - give me passive losses till they liquidate at which time I get a Long-term capital gain an...
I am in escrow on a commercial building for a value-add deal I am developing and will get an acquisition fee from the LP I am partnering with. How is this acquisition fee classified tax-wise? Is it ordinary income? ...
Hello everyone,I made a foolish mistake of buying bitcoin two years ago. An even bigger mistake was to not sell when I was up. Now, the bitcoin price has been low, and I want to liquidate all my cryptocurrency next ...
I am considering a "strategic default" of my condo property in California. I bought it as my primary residence in 2004, but have rented it out for the past two years. I am more than $100K underwater, and do not qualif...