Adri Jusczak
Duel Residency to Avoid STR Regulations
Hi All, I found a great Airbnb opportunity. I just moved to CA for work and this would be out of state but where my company's office is. In the city I plan on doing STR, if I don't occupy the property, they have a ton...
Kerry M.
I am the only debtor to my LLC. How can I deduct debt repayment if I dissolve the LLC but continue the business?
We are seeking a first mortgage from a local bank for our 4-plex. We had renovated it since purchase. The loan has to have the property titled in our names, not the name of the LLC. How do we account for the deb...
Dan G.
Income taxes paid out-of-state with rental properties?
Hello,I am thinking about buying some SFH rental properties in the Midwest. I live in Florida. If I buy houses in Michigan, for example, do I have to pay state income tax in Michigan, even though I don't live in Mic...
Randall D Cheney
recapture expenses from sales proceeds before 1031 exchange
We're going to sell some building lots that we have divided off of our farm, and do a 1031 exchange with the proceeds. We'd like to pull at least some of the development expenses out of the sales money before we rein...
Jon Schoeller
Solo Roth 401k / Unique Situation
I will try to be as brief as possible about my situation but I do believe it is rather unique. What I want to do: I want to set up a Solo Roch 401k this year and have checkbook power of the account for investing in re...
Guillermo Beraun
Taxes for non residents
Hello guys,Can anyone tell what taxes are due when a non-resident sells US property?Thanks for any feedback
Blake Smith
Double Taxation on Down Payment - Avoidance Strategies?
My wife and I are in the process of closing on a third property we use for short-term rentals. We're in a vacation area, typical high prices / high nightly rates scenario. Our original two rentals are filed on a sch...
Joe Farruggio
Flip & Taxes - Capital Gains?
So I did my first flip. Worked out great. Bought it for $225k. Put another $125k in it. Sold for $450k. 6 Month time frame. Now... it's treated as a short term capital gain..... what can I offset it by? If I bought a ...
Alex J.
Will transferring title triggering a city tax reappraisal?
hey all. I need the wisdom of this ever so intelligent website to answer some questions for me. My real estate agent, lawyer, and estate planner do not have a good enough response for this so I was thinking of reach...
Josh Wallace
$250K Tax free gains...
Good Afternoon BP!I need some help. I am drawing a blank on the name/category of tax break individuals can receive after selling a home for a gain as long as it is their primary residence for 2 of the last 5 years at ...