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Hi, my name is Ariel and I am currently studying finance at Fordham University. I've got some background experience in Real Estate through some family holdings.
We've got a handful of apartment buildings in the Poug...
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I understand that the tax rate when selling a rental is based on less than or greater than 1 year. But where is the line drawn? If I closed on a rental August 20th last year what would be my soonest closing date to ta...
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I regularly flip houses, and consider it my business for tax purposes. Thus, I pay income tax, as well as self employment tax on my gains. I am planning to sell my personal residence, most likely with a profit, and wo...
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Hi everyone, my name is Jared Liedtke I am a Real-estate investor in Ontario Canada looking into rental properties. My question that I can’t seem to figure out is for our (my fiancé and I) first rental property should...
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Hi BP,If you have an investment property that you did the BRRR strategy on but want to eventually do a 1031 Exchange, does the capital gains credit based off of the original purchase price or the new loan on the prope...
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I did some research on this new Opportunity Fund Zone tax benefits. Below are some notes and ideas. Note I'm not a CPA or attorney just putting it out there to help inspire some ideas.
An Opportunity zone (OZ) is ta...
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I have a foreign investment house and I sold it recently, how do I report the sale to IRS now? I don’t want to wait till Apr 2021 and pay a whole bunch of penalty for not withholding enough tax due to this capital gai...
Anyone ever done a 1031 exchange on an underwater property? I'm currently researching it and would like any advice / experiences of the members here.A little background ; I have a condo - bought as my primary residen...
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Hey Bigger Pockets Network,I purchased a home (first home and primary residence) in August 2016 for $135,000. I put in about $10,000 of renovations. This home was located in Vancouver, WA.In July 2017 I sold the home ...
So 270k baseline in 2000 condo . Rented in year 20 (2021 ) @2350 mo-
I have what account calls "saved" credits on depreciation of 50-75k due to income exceeding 150k annual .
I /(accountant) depreciated my $270,000 ...