Hi BP members! I had a tax question that I can't seem to find any info about online. The CPA's I've spoken with haven't been very creative in helping come up with solutions. A close friend of mine took a large capital...

Hello all,This is my first post here on BP. I've been perusing for a bit and haven't found the exact answer I am looking for. Here is my situation:I have a business in Georgia, registered as an S-Corp, and that S-Corp...

Thought of another question.
I've lived in my house for 3 years (California), plan on moving to another house soon and was thinking about renting this one out. If I rent it out longer than 3 years then I have to pay t...

hello everyone! im newbie and learning so much. everyone here is great with the sharing of knowledge. i hope to contribute some in the near future.

i am 21 and purchased my first property at 19. i quit claimed the pr...

Hi!
I've been doing some research on this topic, but I haven't really been able to find solid information.
I have a property that I lived in for two out of the last 8 years, and because I moved out of the property d...

So a piece of property in terms of capital or ordinary treatment, relies heavily on the items intended use in the taxpayer's hand.It can turn an otherwise capital gain into an ordinary one. It may even disallow previo...

Without a divorce, legal separation agreement, or child support order etc, a husband will buy the wife off the mortgage, have her sign a quitclaim deed on the property. She now has no ownership interest, is not listed...

Hello,I am looking at acquiring a commercial property (strip mall) from a family friend and trying to come up with some attractive ways to make an offer that. I have had preliminary discussions with the owner (he i...

My wife and I currently own our own house in our own names. I've been looking in to ideas of how to write off rental income. The way we have the LLC set up, it roles its income directly in to our joint income, Texas i...

My partners and I are in contract to sell a small vacant lot in Philadelphia for $35,000, which we bought a year and a half ago for $20,000.  I know its not a lot of money, but I was hoping I'd do a 1031, but I was to...