John Perry
Opportunity Zone LLC Structure
I am struggling with the structure for an opportunity zone fund so want to get your thoughts on this structure. I have personal funds that I will invest in an opportunity zone fund. I also have a parcel under co...
Stephanie Cristiano
Offset K-1 capital gains (RE syndication) with passive losses?
We have large unallowed passive losses carried over on 8582 (from several years cumulatively) from various real estate syndication deals reported to us on K-1s. For the first time in 2019 a few of those assets have e...
John Nisewonger
Purchasing Foreclosure How long until I can sell
I am a buy and hold investor. I recently just put another contract on a property with a very nice chunk of equity in it. Although I was initially just looking for a rental, I think I may want to sell this one in the...
Darrell Brand
Capital Gains Question
Scenario: Parent and child co-own a non-rental property. Parent lives in property, child is silent investor living elsewhere. At sale of property, a $300K profit is realized.
Question: Is full $250K cap gains exempt...
Gaurav Mehta
Opportunity Zone Tax deferral valid for State
If someone invests capital gains in an Opportunity Zone in 2019, holds the property for 7 years and does improvements, they only have to pay capital gain tax on 85% of capital gains invested.My question is does the ex...
Mark H. Porter
Stepped-up basis going away
Good morning, regardless of what happens today, there’s a HUGE bill due from covid.1031’s, capital gains, and now the stepped-up basis could go away. Rather than people thinking I’m coercive, please just google “step...
Jeffery A Yeingst
Can capital gains be deferred
in pennsylvania does a seller receive any benefits in regards to capital gains tax. I was working on an agreement for a trip lex when the sellers attorney scared the seller into backing out. The owner has the propert...
Andrew Mykletun
1031 exchange with multiple properties
Hi BP members,I am looking to sell multiple SFH investment rentals, some that have will have positive capital gains, while others that will have some negative capital gains (just the situation that I am currently in)....
Brian Ashby
Selling a Qualified Opportunity Fund
I own a number of LLC's which are declared qualified opportunity funds. Is it possible to sell these properties/ LLC interests to 3rd party and have the QOF benefits transfer to them? The properties are post constru...
Ryan Carriere
New Opportunity Zone guidance just released!
New IRS guidance and proposed regulations were issued yesterday for Opportunity Zones!I'm going to take a stab at summarizing some of the main elements of the proposed regulations given to us by the IRS yesterday. If ...