Mary Joe
Change in use triggers tax consequences?
Sorry if this has been discussed before.
Can someone tell me if change in use will trigger tax consequences for the following scenarios?
1) Say I have a rental property that I no longer want to rent ...
Account Closed
Flipping without capital gains tax consequences
If there's a country that is tax friendly and pay no capital gains or estate (inherance) means it will be better to flip than being a landlord?
Let say the investor wants a quick ROI and tax benefits.
N/A N/A
tax consequences for deed in lieu
I have a friend who is asking me about deed in liew of foreclosure... everything i have read states that some lenders reject these and if they do accept them there are tax consequences in the difference owed - similar...
Nick E.
Closing early January 2016. Tax consequences
Hello,I will be closing on my first rental property on January 5th. The house needs numerous small "repairs" that we are planning on completing in the first few days of owning it. Most of these items are small like ...
Chris Mason
tax consequences of liquidating retirement question
Hello Wise Tax Professionals,Quick question for you. I'm not actually in a position to do the below, but I'm going to be a hypothetical person with a crap ton of money in retirement accounts, a mix of 401k and IRA.- I...
Jason Thomas
Worst tax consequence of Rental Sale
Ive been trying to confirm the tax consequence of selling my rental unit and am so far astounded at the negative tax implications ive found. I purchased this unit in 2001 for $400k and converted it to a rental in 200...
Li Tolentino
Tax consequences for IRA investing in Syndication
What are the tax consequences for investing in syndication project with a self directed IRA? I was told by a IRA company representative that I may need to pay UBIT (unrelated business income tax). Is that true? The pr...
Clifton Jones
Consequences of the Fannie and Freddie Bailout?
Today, on Yahoo, it was announced that the Gov't would bail out both Freddie and Fanny, as well as insure the loans that they currently have opened. What will be the consequences for us as REI's?
It appears to me th...
Account Closed
Minor work without permit common? And Consequences?
one of the latest shams i see on the rise nowadays.. perhaps due to increased litigious mindset (i'll sue you! etc) America's troubled economy with 1/3 population permanently unemployed, many tenants get their landlor...
Bill Cippola
Tax consequences. straight sale vs owne financing
WE are in the process of selling some land in Georgia we inherited back in 2014. We are Georgia residents. Without going into detail it was part of "gift" giving on a planned inheritance schedule below the max gift th...