Opportunity zones can offer great tax incentives that encourage real estate investors to invest in underutilized and low-income communities. They have become even more popular recently so here are some of the most com...
Hopefully a tax professional can offer some perspective on this one. We are selling our primary residence and purchasing a new primary residence. Unfortunately, or current residence has not yet sold. Therefore, we ...
Hi All,
I recently purchased a property in an Opportunity Zone. My broker told me that there would be no capital gains tax on the property if I hold it for ten years.
Now I’m seeing that for the capital gains tax to...
Hello friends,I am looking into selling on of my rental properties, my renter has lived there for about 2 years. By selling I’m looking to profit around $140K before taxes and notary fees etc...My question is tax rela...
I am going to be purchasing a property in an opportunity zone(Just realized a few days ago). The tax advantages seem very beneficial. Unfortunately, I do not have enough time to sell one of my properties in order to...
Does anyone know if you can pull money out of the stock market to buy a real estate investment property and avoid capital gains taxes, similar to a 1031 exchange?
Hi Everyone,As a CPA who specializes in real estate I have been doing some reading on the new Opportunity Zones (OZ) passed effective 1/1/18 with the new tax law. While guidance is still a bit unclear and more researc...
I'm looking at investing in a RE syndication project that is run through a funding LLC. What's been explained to me is that I am investing into the funding company LLC, who will then pay me out and issue me a K1 tax f...
Need feedback from everyone. I have read up enough on Qualified Opportunity Fund/Opportunity zones that I feel I can create the fund myself but i am a little hesitant to make a mistake. I intend to 1. Create a LLC wit...
I'm closing on a new deal in an Oppurtunity Zone, as designated by the tax reform bill passed in late 2017. Are there BP folks that buy in these areas? Do you need to setup a fund before closing to take advantage of t...