Hello, we purchased a lot 2 years ago, and are building our primary residence. We started construction 1 year ago and almost complete. We have been living on the property since construction started. When does the cloc...

Hello, I am under contract for my first house hack! My ideal plan for the first home is to live in it for 2 years (with 3 roommates), rent for 3 and sell before the end of 5th year. Under IRS Section 121 - if you live...

Hello,can anyone pls provide some light on the taxation for non US residents on rental income?I have a german passport and live and work outside the US. How much tax do I have to pay for the rental income, e.g. owning...

Hello BP Nation,Today the Treasury issued authoritative guidance via Revenue Ruling 2019-11 on the taxability of state and local tax refunds from which a deduction may have been limited due to the $10,000 state and lo...

I have gotten differing answers on this question so i'd like to open it up to you guys to get some opinions.  
I am in the process of selling a warehouse and that I own with 3 partners.  One is silent investor.  Its ...

Quick question about 1031 exchanges and legal entities: If hold title to a property in my own name and sell the property with a 1031 exchange am I allowed, at any point, to transfer the new investment property into an...

Hi BP!I am considering selling a property owned in my name and buying a bigger property. I would like to have a single-member LLC own the new property. I read that the name on title for the upleg and downleg need to b...

IRS is not shy about disputing claims to Real Estate Professional status.  It's an easy desk audit for IRS.  They query Schedule E losses.  And if IRS challenges your claim to be a Real Estate Professional they will s...

I own a nicely appreciated SFR in AZ and am planning on selling once my current tenant's lease expires. My thoughts are to 1031 the gains into a replacement property.  Here's the issue - the soon to be relinquished pr...

We are a real estate development company. We like buying off market properties because there is much less pressure of competing offers and timelines. We are a legitimate buyer (not like those people that want to pay y...