I am looking into selling our rental property and potentially our primary residence. I need help walking through the potential tax implications of those sales. Looking to connect with an experienced tax professional t...

Hello All!My question is regarding the capital gains write off for an owner occupied residence. I understand that it is 500k for a married couple. My wife and I have lived in this residence for 1.5 years but have just...

Seed capital success stories; motivation for all the first time investors out there. Sound em out. I began in the service industry, and worked over 3 summers while in High school in the late 70s. It wasn't easy gettin...

After I bought a property, I had to replace the water heater right away as the old one was rusty and leaking. Of course I could not rent the property out without water heater being functional. Is it operating expense ...

I have owned a mixed use commercial building for over 10 years, there are two income producing apartments upstairs and the street level is an unfinished commercial space ready to be built out for a business. I have be...

Hello BP,I'm looking for some references in Connecticut, ideally in Central CT/Hartford County area, that can advise me on the tax implications for flipping properties, what to expect and maybe some strategies to prep...

Hello all,I consider myself a relative amateur at real estate investment. I’ve done well so far. I owned a rental quite a while back and it didn’t work out so well. Deadbeat tenant. This time around I’ve managed to pa...

HelloI wanted some clarification on when the clock starts ticking for counting the number of days towards capital gains. I bought a burnt down home in Dallas, TexasAugust and demolished it in September. The constructi...

Hi,I recently bought a Duplex as a primary residence, I plan to live on one side and rent out the other side.Now I have another plan that i want to sell the Duplex. Since the duplex was under a primary residence loan,...

Hi all - I have a question about capital gains. We are in the middle of modification of Child support - meeting with both parties this afternoon. My question is -

Does anyone know how capital gains is figured in gr...