We have sold our CA rental property & have identified a 6 unit in TX. The 6 unit needs to be put into an LLC. My question is a 1031 ok to do as married couple into an TX LLC. We have been hearing a single entity L...

Old unit: Have a single family home which is, and always has been an investment property. Planning to sell; approx 350k net. New unit: 4-unit multi family in which 3 units (with existing tenants that will carry over f...

I have a property with a promissory note from private investors. Would like to understand 1031 exchange rule to understand what is considered as boot that would be taxable. Here is the scenario.The current property pu...

We have 2 W2s( Me+ Spouse).Have a primary residence SFH and 2 rentals.I have around $40K of rental income after all the deductions/depreciation.This time I used a CPA and I am a sure he tried his best to get all deduc...

New member looking for tax advice on first RE deal.Looking to offset taxable income of my current business income while investing in a rental property. Found a deal on a Duplex that owner is offering owner financing.A...

Hi I am trying to learn more about tax increment financing.1) What is it2) Who can apply for it3) What types of properties can benefit from the strategy4) Does  it replace financing through a bankPlease share your exp...

I'm wondering, with all the tax benefits to REI, what is everyone seeing as their annual tax responsibility? I know everyone will have something different, but I'm currently a W2 employee paying high tax and am trying...

We've listed one of our investment properties for sale and we're trying to look at our options for the subsequent purchase.
If we net what we hope to for the sale, we're looking at about $265k ballpark after all is s...

I've read IRS publication 527 and I think I need to form an LLC to separate the business income from our personal income. Thank you for your help and Happy New Year.

My brother and I started an LLC, bought a house, renovated it, sold it. Now we have some profit and was curious if there’s anyway to put the money into another vehicle to avoid the taxes on profit. Looking back I woul...