Caleb Walters
Tax implications on flipping a house we've owned for 30 years
We are going to sell an old house that has been in the family for years. It's a tear-down property. I am running the numbers on the idea of tearing it down and rebuilding it myself, then selling the new construction...
Karen Bidwell Hinz
Tax implications o self directed IRA to pay off existing debt
I have a self-directed IRA with about $120,000 in it. Unfortunately I also have about 110-130 thousand dollars worth of unsecured debt via credit cards. Just wondering what the tax implications would be if I use the w...
Chris Burke
Tax Implications w/ selling rental property that was previously primary residence
I am looking for some tax advice regarding the potential sale of rental property. Trying to understand what a potential tax bill may look like. Property was previously our primary residence, having lived there for a f...
Mike Hathaway
Tax implications on selling property in Idaho but Live in Washington
I've verified I have no capital gains tax, so that is a non-issue. My sisters and I inherited some property 1 year ago and just sold it. It's in the name of our dad's estate, which I am the executor of. How are taxe...
Brendan M.
What are the tax implications of paying myself to property manage?
I just bought my first multifamily property and I have been thinking about how to maximize my tax benefits on it. If i can write off property management fees as an expense, can I pay myself (either as a sole proprieto...
John Humphries
Tax implications for US non-resident purchasing REI in the US
I'm looking for someone knowledgeable to bounce some tax questions off of regarding purchasing real estate in the US as a non-resident. Currently, I'm a US citizen, Canadian permanent resident. I live and work in Ca...
Iryna Zhuk
Tax implications of transferring from C corp to a personal name?
Hello, looking for some advise. I purchased a Miami condo in my name, then transferred it to a C corp last year (I am the owner). Now looking to transfer back to my personal name. Any tax implications? Is it better to...
Dallin Watson
Getting a personal loan for LLC use (Tax and Legal Implications)
I had my tax guy open an LLC for me this spring, but don't know much about maintaining it. I currently own a duplex and I'm working on getting it out of my name and into the LLC's name. I am also in the middle of reno...
Chris Soignier
Tax implications of back-dating a sale of interest in LLC
I negotiated the sale of my interest in an LLC that owns an apartment complex last December. The buyer/deal sponsor wanted to do it 12/31, and I suggested we do it first week in January so I could defer my tax on th...
Will Gaston
What are the (good) tax implications of giving away a property?
All:I made a (terrible) RE investment in 2007 and bought a property for 24k and put about 35k into it with the intention of flipping the property. That did not happen. I have rented it off and on since then for $495/m...