Hello,By end of 2018, I would have owned my Second home for 5 years and have stayed in it for 2 years as Primary Residence out of the last 5 years. I am looking to convert that into full time rental property and also ...

Hi everyone. I have a home that I purchased in 2010 for 25k. I'm just now renovating it and it will be finished in a month. If I sell it in 2013, will it qualify for short or long term capital gains? I've owned th...

Currently, Obama's financial advisors have stated that the high end tax bracket will go up to 39+%. Does anyone think this high end tax bracket might go up to 50%+ or more?

What will be tax consequences for borrower of rental house giving property back to lender through deed in lieu with following situation.(1) Lender issue 1099C , No deficiency judgement.(2) Lender don't issue 1099C , N...

One of the biggest arguments I see around cost segregation studies is the issue of depreciation recapture upon the sale of the property. Do the benefits of the cost segregation study outweigh the cost of recapture? As...

I am a passive real estate investor (no full time job) and own a few rental properties tru my LLCs. I just noticed that I pay Self Employment Tax on the total amount of net income? My return is prepared by my CPA. Is ...

I am getting ready to put a property under contract and I need to decide if this will go into my name or the name of my LLC.  Can an accountant please help me out here with my logic please?Facts to work with: I am ab...

Hello.  We have a single member LLc that elected to be taxed as an S Corp in 2016.  While reading through the Florida Corporate tax information I find places it says we do need to file a Florida Corporate Tax Return, ...

If I'm understanding how the new tax laws affect RE investors, I'm surprised there's not more talk about this.  It seems that unless you qualify as a "rental property" (currently or actively trying to rent), then no e...

It’s an election year. Should I wait? Or pull the trigger Investing?