Mike Wadsley
Is there money to be made in opportunity zones?
The Tax Cuts and Jobs Act included a new federal incentive—Opportunity Zones—meant to spur investment in undercapitalized communities. Any corporation or individual with capital gains can qualify. The program provides...
Michael C Williams
SALT Cap likely to be repealed
Democrats including Nancy Pelosi, Chuck Schumer, and Tom Suozzi are putting pressure on the current administration to repeal the controversial SALT (State and Local Tax) cap passed in the 2017 Tax Cuts and Jobs Act. T...
Ilya Plugovoy
Selling Duplex in Minnesota
My wife and I are looking to buy a duplex and house hack it for 2 years. If after those 2 years, I rent out both sides but sell the property in less than 5 years, would I have to pay capital gains taxes on it since I ...
Walter Duffy
In-laws gifting property with equity.
In laws are getting older not interested in owning anymore, on fixed income and would rather give us the tax benefits so they offered us the property. They will be our renters with appox. 60k in equity. What is my nex...
Mark Hart
FedEx Major Investment Programs Will Be A Boost Memphis Economy
Memphis-based FedEx Corp. announced three “major programs” that would total more than $3.2 billion in investments as a result of The U.S. Tax Cuts and Jobs act.According to the Memphis Business Journal These programs ...
Mark Risley
New depreciation rules?
Howdy!I am a Real Estate Broker in Colorado. I have a seller that owns a duplex and is considering selling. He mentioned to me that there may be some new tax rules coming our way in October regarding depreciation. Som...
Jorge Abreu
Tax Benefits You Need To Know About
When a passive investor invests in a value-add apartment syndication, they will generally receive a profit from annual cash flow and the profit at sale. Being a profit, this money is taxable.However, for apartment syn...
Mike M.
Seeking CPA or tax preparer who knows residential real estate law
I am looking for a CPA or tax professional who is familiar with real estate tax laws including changes since the Tax Cuts & Jobs Act of 2017. My current tax preparer is not well versed in changes since 2017. I am ...
Lesa Palmer
Question about HELOC interest tax deduction
Last August we took out a HELOC on what was our main residence, to use as a down payment on a new house, which is now our main residence. We turned the first house into a rental. Under the new tax laws can the interes...
Melanie Baldridge
Bonus depreciation ?
Bonus depreciation is just a special part of the US tax code.
It allows you to take accelerated depreciation on portions of your property depending on when an asset is put into service.
At the time of this writing, ...