Darren Redfearn
1031 on existing properties.
Ok this is a weird idea I cooked up. Here’s what I want to do. I have a condo that has appreciated a ton that I bought in 2017, (like everyone) it’s a rental property. I was wondering if I could sell it and transfer t...
Dom Nico
Tax and other implications of land trade
If I trade property I own in exchange for a property owned by a non-profit organization, what do I need to consider regarding taxes or anything else that could impact the transfer? How should we structure the transfer...
Scot Burns
Liability for Death Caused By Rehabbed Home
Scenario: You buy a house after it there was a death in it due to accidental fentanyl exposure. You get the house remediated by a hazmat service and the city gives it an "all-clear". You remodel the house and sell it....
Account Closed
New House Hacker - Taxes & CPA Help in Palm Beach County FL
Hey there and happy holidays from Florida! First time homeowner who purchased a multi-unit with my boyfriend. We're renting out one unit to a longterm tenant and Airbnb'ing the other. We both work full time, regular 9...
Julie Timm
Tax implications on a 1031 exchange that you gifted but then became a mtg coborrower
My husband did a reverse 1031 exchange on a property over 20 years ago. He has never lived on the property. His intent is to totally gift the property to his daughter as her inheritance. It was originally held in h...
Jeremy Zindel
Deduct charitable contributions on a Schedule E (or C)?
First off, I know this is a very specific question to my circumstances and I already have an appointment with a CPA to ask this and many other questions but I wanted to get a feel from anyone in the BP community who m...
Anthony Simboli
Earnest Money --> Down Payment
All,I would like some clarification on earnest money. Being told that our earnest money will go towards our down payment and held in escrow until the P&S is signed. I've heard that MOST of the time you get your ea...
Shera Gregory
Rent deposit for house owned in my SDIRA
I have a checkbook control Roth IRA in which I recently purchased a small single family home for long term rentals. For my non-IRA rentals I have a separate savings account to hold all the rental deposits since yo...
Jeff D.
single member llc with another llc being the single member
I have rental property held in an LLC (#1). The sole member of that LLC is another LLC (#2) of which I'm the sole member. So since single member LLC's are disregarded, then LLC #1 is disregarded and it all pa...
Smrithi Shashidhara
Visio lending rental loan might get reported on personal credit f
Hi We were about to lock in a loan with visio lending for a short term rental(airbnb) investment property and the loan agent mentioned. The intent to go with them was to make sure we this deal doesn't affect our perso...