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...

Hello, I am currently in the process of finding a short term rental to purchase and wondering how to best take advantage of what I am doing from a tax implication. I am in a high tax bracket so the implications could ...

I currently own two duplexes in addition to my primary residence. Recently, a neighbor at one of my duplexes approached me to see if I was interested in selling. I’ve owned the property for 15+ years and have a good a...

Quick question, I’m in California and will have a sizable, capital gains tax bill owed to the IRS and the state of California in the near future. my question is how quickly does the capital gains tax liability need to...

If I take out a loan to fund an investment in a notes fund, is the interest paid on the loan "investment interest" that goes on Schedule A or "passive interest" that goes on Schedule E?I found the following in "The CP...

I would love to hear your input on the Better Together City-County merger from a real estate investing perspective.Is this good for real estate investors?Is the merger better for current and new local businesses as a ...

For one of my rental properties, I had a contractor do 2 repairs (small roof repair, replaced four windows) and 4 improvements (added support beams in crawlspace, added gutters and downspouts, added basement access do...

My accountant is worried about my home being sold some day, and the rule about 2 out of the last 5 years rule?
I'm looking for some help with the IRS rule 262 Or Publication 523.
I've owned my principal residence ...