Jon Holdman
Tax benefit for sale of primary changes from 2 of 5 to 5 of 8
I found this when reviewing the new tax bill and posted about it in another post. Its not something I've seen mentioned in any of the news coverage. But very significant to folks here. This tax bill has a HUGE cha...
Frank B.
Outstanding Tax Liens
Hi there,I recently bid on a couple of homes that have outstanding tax liens. Can anybody explains how would that work if I win the bid for these properties?Thank you.
Dimitri Carso
Primary residence - to rental -than back to primary residence
I have a rental property that was originally purchased as my primary residence. I rented it for several years and now want to occupy it again as my primary. If I occupy for two years can I then sell and be exempt fr...
Account Closed
Selling 4plex with OF wrap loan
Planning to sell a 4plex near downtown San Diego, CA... hopefully with OF (wrap loan). Still doing research to learn the ins and outs of such a deal. Hoping to hear from people who know how to structure such a deal, w...
Adrian Easterling
Tax question on equity/real estate sell profit
So I will be selling my house which I've lived in for 5 yrs here in Florida within the next 6 months. I should walk away with significant profit. My concern is that this profit will be taxed at my tax rate. Is this co...
Ta'Nia Jackson
Deceased Owners Unpaid Tax Lien Property
Has anyone experienced any issues with purchasing a tax certificate (lien) after the owner(s) have passed away. The lien is a year old and it's suspected that the owner passed prior to paying taxes.
Account Closed
Do i always get taxed when i sell a property?
If i hold a home for 2 year then i sell itMaking 70,000 how much do i get taxes on that??? or is there a way i could do a 1031 exchange in 2 years???
Matt Good
Form 2553 questions
Under item E for effective date of S election I'm instructed to begin my first tax year, with no prior tax year on January 7.Under column N I'm asked to enter the month and year that each shareholder's tax year ends.....
Paul Hillyard
I want your suggestions for Investment Team Members!
Hi everyone, it's Paul again!
Before I get started, let me just squash this bug up front; I am doing a lot of research and leg work myself. I promise you, BP is not always the first place I look for all the answers. ...
Seamus Garvey
LLC or partnership question
HI all...looking for a little guidance. My wife & I, along with her sister & husband, are looking to purchase a lake property together. We will use primarily as a vacation home for ourselves, but may at times...