Steve K.
Question on Cap Gains taxes/ Section 121 Exclusion
Question on section 121 exclusion for cap gains, specifically the timing of needing to live in the property for 2 of the last 5 years. Does anyone know off-hand if that is for the calendar year or exact dates? Assumin...
Michael Plaks
The so-called "STR loophole" - hype or real?
Buckle up. This is a long post addressing many myths around the current obsession with the "STR loophole." And the first of such myths is that it is a loophole. No, it is not. Loopholes are something UNintended. In co...
Raj Sid
New Tax Law May Encourage Home Rentals
https://www.wsj.com/articles/new-tax-law-may-encou...https://www.cnbc.com/2018/02/02/a-big-tax-break-co...How of this is applicable for rental property, if you are renting the whole house? Does this mean 20% of profit...
Tracy Wang
Syndication tax for members
Hi I am CA resident and invested in two syndicate deals over the past two years. The syndicate property are located in GA and AZ. despite the loss each year, I have been e-filing state tax separately for GA and AZ. ...
Derek G.
Adventures in Capital Gains
Hello everyone (Namely my tax gurus),I'm sure you are aware that in the stock market there are two main categories for investors as it pertains to capital gains. 1. Long Term - not cashing out the investment until a y...
Axy Parikh
Taxation on Improvements to a new rental property
I am investing in my first rental property and need help navigating a few basic questions:- If I make improvements to this rental property, how is it taxed? (Is it considered expense and can be deducted at one go? Is ...
Sattir Bitti
Passive Activity Loss to offset gain on sale of another rental property
Hi,I'm in the process of selling one of the properties that has decent equity. I have suspended Passive Activity loss that would reduce the gain, but not eliminate the gain from tax POV. I have another rental property...
David Howarth
Negative Cash Flow
If a property has negative cash flow at the end of the year do you get a deduction on your income taxes that are owed?
Say if you earned $30k from your job and you owe $1000 in income taxes but your property had a ne...
Mike Mefferd
Tax Implications of Selling Property from one LLC to another
I am looking for tax advice if I sell a property from one of my LLC’s to another LLC that I own. WIth this sale, it would show $150k loss and I wanted to know if this loss could be deducted on my taxes. Looking for an...
Sam Dal
First time home-buyer (owner occupied 2 family)
Guys
I really need some advice here. In fact, if you have some time to chat over the phone, please PM me and I'll send you my number
I'm a first time home buyer and hoping for a future in real estate. I currently re...