Lauren Brychell
Unraveling the Nuances: Delaware Statutory Trusts vs. Deferred Sales Trusts
Investors seeking to optimize their assets, defer taxes on large capital gains, and secure their financial future often explore various trust structures to achieve their objectives. Two popular options that have gaine...
Roger Gelpey
AL quiet Title time frame?
We applied for and received two tax deeds on adjoining parcels in Mobile last year and are looking into quieting the titles on them. A little context: the parcels belonged to an elderly gentleman who is now deceased. ...
Evelyn Guo
K1 loss tax report for non-resident state (NC)
Hi, I am using Turbo tax to file K1 form, the NC state tax is filed as non-resident alien. I had a passive loss form the syndication, I am not sure whether I should input 0 or the actual loss number in D-400 Schedule ...
Matt Berklacy
1031 exchange, personal/rental to llc, and ways to extend4 deal?
Acquired property in Raleigh NC Briercreek, 150k, few years rental, paid off cash; titled personal name,
Selling 225k, want to buy a property elsewhere cash, look for deal, auction, and pay it in same cash, and live...
Kristen Bouvier Scoville
Selling a Property alone or within an LLC Tax advantage or Disadv
Tax Question... I have a Commercial Property within an LLC. Tenant wants to purchase. What is the advantage and/or disadvantages of selling with or without the LLC attached for me? Or is there any? Im in New York stat...
Justin Whitfield
1031 into existing LLC partnership
I've never done a 1031 exchange so I'm not very informed on how these work. I've read a lot of forum posts and articles but I can't quite seem to find an answer for my situation.My parents and I have an LLC partnersh...
Kyle Affronti
IRS 1274 Due Upfront on Hard Money Loan
I have a friend who has been in talks with a hard money lender. On a $400,000 Hard Money Loan.He already received a PPI of $12,000 and now he stated now that my friend needs to pay 6% of the loan which is a 1274 Tax p...
Kyle Scholnick
Depreciation still possible?
I am looking to buy a rental property turnkey. I understand some tax benefits should be money I used on maintenance and the mortgage, but the biggest one depreciation seems to be out of reach.Do most people still use ...
Amol K.
Timing of next property for interest deduction
I understand that if I do a cash-out refinance on an investment property (Property A), and use the extra funds as down-payment for my next property (Property B), then I can deduct the interest paid on the cashed-out f...
Bear Geiger
Yet another 1031 exchange question
I am currently working in development of raw land. In short, we by a large piece of land, make improvements, split it into smaller tracks and sell them. At one time I was told that even if I hold this property for o...