We are looking to sell a couple single family homes in Indiana. We have held them for 8-10 years. Is it better to sell them in different years to save on the capital gain tax? I've heard that if you sell them both in ...

Before getting hit with a tax lien or back taxes in a property at the closing table.....Is there a way to find out before hand? I suppose you would ask the owner and hope they know. Thanks!

I have received conflicting information and would like some BP input. I have been told that you can carry a loss back two years on an amended Federal 1040 and recover previously paid tax, but the same loss on your Cal...

Hello,Depreciation is touted as one of the big benefits of buying investment real estate (rentals) . I am not able to understand the benefit of taking depreciation on a rental property. On one hand IRS rules force you...

Hello BP,

I have a series of questions to ask concerning a business structure so any help that the community could offer would be great.

Question 1: My family and I (wife, mom, brother, and dad) want to start a buy ...

I'm looking at a property that's going up for tax sale and I see it has 2 open IRS liens on it. I know in other states, such as FL, the IRS has 120 days to redeem the property - they pay you back what you paid plus 6%...

Can You Deduct Payments Paid on a Principal Only Note?

Situation; Elderly Seller bought their Triplex home for
around $350K Many Many Years ago. She lives in One unit and rents out
the other two Un...

I’m taking a hard look at moving to and residing in Puerto Rico. My first question is will my union pension and social security income be taxable by anyone.  Researching this online the Act 22 always hijacks the searc...

In researching some up-coming auctions, I came across a house with a lien entitled: “Notice of Lien for Fine and/or Restitution Pursuant to the Anti-Terrorism and Effective Death Penalty Act of 1996” Here's a link to ...

Question.. I'm selling a rental owned by my self directed 401k and all the proceeds are going back into my 401k.. This is in Maryland.. The title company is unsure if they should withhold the state 8.25% witholding of...