As an experienced real estate-oriented CPA with clients that invest in most real estate markets, I often get asked for strategies in saving money on taxes that apply to clients investing activities. Here are some key ...
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I have always thought it was at the capital gains rate, but someone today told me that the gain on the sale of a primary residences is taxed at the ordinary income rate. Can someone clear this up for me? Thank yo...
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if I were to purchase a property as a primary residence, reside in it for 2 years, then rent it out for 2 additional years and sell it at the end... Will I still be exempt from capital gains up to $250k single/$500k j...
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My mother has moved out of her home and in her final foster care situation. We will handle selling the home for her and repaying the loan with its sale, as she has a year to pay it back before its foreclosed.We have a...
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Hey fellow BP'ers . I really could you some sound experience and advice on this one. Still have this multi-unit in the pipeline. I have a seller willing to hold a short term note (12 months) was going to do a lea...
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Thank you to all that have discussed this topic but it seems that there are differ opinions on the topic of a using funds from an investment property's HELOC as a down payment on additional investment properties. If y...
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I have an investment that is selling August and I will have a large capital gain. I'm trying to figure out how to use opportunity zones to defer and minimize the tax impact. I'm in the northeast so would prefer to inv...
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Looking for some advice on our plan to get started with our real estate biz. Currently own a home with approximately $100k in equity. We plan to purchase a rehab property through our LLC. We would sell our current hom...
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My in laws want to transfer their property from their name to ours. What’s the best way to do this to avoid any bad tax repercussions. It’s raw land and no house.
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For the past 4 years I have been investing in Commericial Real Estate and Land in Los Angeles, California. I did do one tax return in 2012 using turbo tax but I never bothered after because I was making more expenses/...