Kendra Ellis
2018 Capital Gains Rule Change
My CPA is telling me that I can no longer sell my primary residence after 2 years to avoid capital gains tax. Is this true? Our 2 year anniversary in our current home in next month, we are ready to pull the trigger an...
Andrea Hauserman
Selling the LLC vs individual properties
On behalf of myself, not my work as an agent (thank you moderators), I'm looking for information about any consequences or considerations when selling an Ohio single man LLC with it's own tax ID that holds multiple re...
Yannes Chiang
Buying the LLC instead of the property?
Hi,We are investors from California and are looking an opportunity in Philly UPENN area and the seller offers to sell the LLC which was established to hold the title of the property or the property only. It is a newly...
David Robertson
How to avoid closing costs on foreclosure?
I am currently looking at buying a foreclosure from Wells Fargo as my first investment property with the prospect of flipping the house. Is there a way to avoid dealing with a Realtor and dealing directly with Well...
Jacob Fitzgerald
Taxes on selling a new build
I want to build a home and sell it.... My question is is there a way I can move the taxes into another loan or something so I don’t have to pay the Fed upfront? AND If I’m building one or two homes a year should I get...
Kadia Lawrence
Using IRA to fund deals and offset penalties with RE tax breaks(??)
Has anyone taken their IRA to fund deals and offset the early distribution penalties (10% and tax bracket) with RE tax breaks? What kind of tax breaks helped (e.g., depreciation, real estate professional status, etc)?
Emily Cole
Two quotes for one job; Maximize expense for taxes or pay less?
Let's say you have an expense that is a repair. You have two different quotes for two variations of the repair job. For context, your cash flow/income is small. One quote costs more than the other. Is it better to max...
Tanya Hurst
Bought My First Property - When to Bring in CPA?
Bought my first investment property in August 2023. We've been working hard to get it ready to be listed as STR. I've been reading and listening to as much information as I can find. I feel confident, but nervous a...
Michael White
Tax for foreign rentals
Hi
As a recently moved Englishman to LA, I have more contacts at home than in the US. This also applied in terms of getting investment. I was wondering how foreign investors get taxed in the USA on their property and...
Marcus Brown
85 Year old Parent / Passing property On ( Tax Questions)
Should a parent give your children Real estate as a gift for tax purposes or sell it to children for $100.00 Whats the best way to handle a situation like this.