DJ Roshan
Capital gains exemption on primary residence with rentals.
Hello, I am wondering if the capital gains tax exemption of up to $250,000 for filing single, $500,000 married still applies to a residence that has a primary residence but also several rental mobile homes. Any reason...
Jeff Klein
Deductibility of depreciation: on which property is it based?
After a 1031 exchange, depreciation is tax deductible from the income generated by the replacement property. Is the depreciation amount based on the cost basis of the old property or the cost basis of the replacement ...
Mark Ham
Structure depreciation required or optional?
So i understand you can record the structure portion of the property as depreciation as a paper expense. But do I have to? I expect the cash flow to be so small that taking the depreciation makes no difference. If ...
Matt Bailey
3 times income to rent for section 8/vouchers?
I've read you should require 3 times the income for your rental price.Do you apply this to section 8/HCV?Or do you submit each application and see what the government will pay you and go from there?If their voucher co...
Bob Willis
Partner structure - want to be fair
Hey All - I have an opportunity to partner with someone on a flip. This person would provide the construction and project mgt portion of the deal, while I would provide the financing (and some labor). Is it fair to as...
Salil Surendran
Rental expenses in Turbo Tax
Hello,I am trying to enter my rental income in Turbo Tax. I rent out my upper bed room for 3 months of last year. I earned $3000 as rental income in the year 2017 and calculated $200 of utility expenses. I entered in...
Erin Madden
Partial 1031 Exchange?
I have what I think is a fairly unique situation, but I'm hoping someone on the list may have experience with similar...I live in a house that I purchased in 2010. From 2010-2016, it was a rental property. It became m...
Nick Sansivero
Can I 1031 Exchange a rental for a primary with an ADU?
Hey, question for anyone familiar with 1031 exchanges. I have a rental property I’ve held since 2019 that I’m considering selling. Would I be able to do a 1031 if I’m buying a primary property with an ADU that I would...
Andrew Postell
Yay! Tax Season! What you need to know on claiming deductions!
It’s tax season! Yay! Can we detect sarcasm when it’s typed out? Since April is fast approaching that means many of us will need to file our Federal Tax Returns. Even if you are filing an extension I have tried to...
James Foley
BRRRR rehab questions
Hello all,
Not sure if this subject has been talked about before or not. I’m not only new to the BP community; I’m also new to real-estate in general. My question has to do with the BRRRR method. After you borrow fro...